Options Media Group Holdings, Inc. (OPMG)

[lnong]

Tax Questions..

so most ppl here follow the general rule of buying low then selling high. when the stock dips again, they would buy again. for tax reporting purposely, is this "buying low again" considered a reinvestment?

reason i ask is i sort of remember when doing my taxes last year with turbotax, for every sale transaction that I list, i would have to answer this question: were the proceeds from this sale reinvested?

what's the purpose of this queestion? if i answer "yes", does it mean that my proceeds from the sale will not get taxed (since i'm not actually using this profit money anywhere but reinvesting)?

this would explain why a lot ppl here have no problem with going thru many cycles of buying and selling. i had been thinking this would rack up a lot of broker transaction fees, and the amount of tax the seller has to pay during tax season...

you guys know what i'm talking about?