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1Timbo

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1Timbo

Re: catchmeifyoucan post# 161342

Tuesday, 08/14/2012 7:56:18 PM

Tuesday, August 14, 2012 7:56:18 PM

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I wire $1,000 to my trading account. Purchase a security using all $1,000. Sell security for a gain of $500. Total in trading account = $1,500. If that $500 gain is not removed from my traders account to my bank account and it's reinvested or even lost in another trade, will I pay taxes on it come tax season as a "capital gain tax"?
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