Replies to post #7549 on Washington Mutual Preferred fka WAMPQ

[John Gyver]

What if we are bought out... is that cash taxed at a special rate or our current tax bracket? If they do a buyout soon we would not qualify for the 15% flat tax for the capital gains... unless there is a special provision in the tax code for buy outs.

Thanks!

John Gyver

[HROLLER]

You're exactly right...The long term vs. short term capital gains tax..People really need to think about that...