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elsieCat

12/08/03 9:02 PM

#15864 RE: Patsy #15863

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...
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wowtapper14

12/08/03 9:48 PM

#15886 RE: Patsy #15863

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.