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Greedy G

05/19/15 6:08 PM

#32751 RE: JustDoIt728 #32748

Didn't know this was the tax info board, tax advice from flipper...... Let's get Bac on topic.
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idump4fun

05/19/15 6:20 PM

#32759 RE: JustDoIt728 #32748

Darth, please do not try to explain this here. There is a core group of "financial aficionados" here who constantly mock people who make positive profits in the stock market. For some reason, for them, it is better to make $0 profit than to take home $72 on a $100 trade. This has been contended here for a long time, and no matter what you say they will advocate to steer away from profit-taking in order to avoid the tax burden.
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Chief Slapaho

05/19/15 6:57 PM

#32774 RE: JustDoIt728 #32748

And about double the IRS cost to the flipper.