Replies to post #15863 on MATRIX Penny Stocks

[elsieCat]

Thanks, Patsy--I'm trying not to have to turn things over to an accountant -- it's an intellectual challenge :) (like I need more, learning all this stuff)-- but I do need to learn the specifics around trader status etc...

[wowtapper14]

Short term gains are ordinary income, depends on an individual's tax bracket. If you make 1,000,000 a year you might be paying 30% or more.