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DSherman

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DSherman

Re: madeindet post# 62324

Sunday, 11/24/2013 11:22:05 AM

Sunday, November 24, 2013 11:22:05 AM

Post# of 183590
Of course you pay capital gains unless it's in a deferred account (IRA).
Fact is, you will pay more gains since one does not need to cover or is able to cover for pennies on the dollar with their basis near zero. The big problem for most is when they do not cover before a zero value, the gains will be considered "short term" as one never actually owned the stock.
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