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sidedraft

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sidedraft

Re: NastyNasdaq post# 259

Monday, 04/26/2010 11:15:21 PM

Monday, April 26, 2010 11:15:21 PM

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You pay tax on profit only, even if you purchase stock with that profit. In otherwords, even if the profit never leaves your account, you owe taxes on that profit.

Look this over:

http://www.irs.gov/pub/irs-pdf/f1040sd.pdf

It gets filed with your 1040. Taxes are due 4/15.

Step aside son, you're blockin' the MOMO! ... .. Disproving absence of evidence should be easy, show the evidence of.

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