Replies to post #5984 on Motors Liquidation Company (fka MTLQQ)

[locksflooring]

It was a short profit aka capital gains,and you can be assurred the government helped halt.

[locksflooring]

And all states have different capital gains laws

[overtheedge]

So what are you saying? If I buy a stock and sell it the same day, and make a profit, the IRS doesn't treat it as a capital gain? I don't think so. Their is short term capital gain and long term capital gain, they are both taxed, just at a different rate