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The_Free_Nebula

04/29/06 9:50 AM

#7300 RE: hoppylad #7298

When you flip and make money you are only subject to short term cap gains which will impact you overall AGI - adjusted gross income. It is not a seperate or additional tax. The LTCG is still 15%. So that is an incentive to hold for a year. But with stinky pinkies one should take some profits as they are presented.