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Replies to post #6010 on Motors Liquidation Company (fka MTLQQ)

Replies to #6010 on Motors Liquidation Company (fka MTLQQ)
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locksflooring

07/12/09 8:07 AM

#6013 RE: overtheedge #6010

Thank You !
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Investorman

07/12/09 11:37 AM

#6018 RE: overtheedge #6010

Under that scenario it would be taxed at the same rate as ordinary income.
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Investorman

07/12/09 11:53 AM

#6019 RE: overtheedge #6010

I think you are confusing the financial term "capital gain" with income descriptions for tax purposes. :ong term capital gains to the IRS for tax purposes are assets held for more than one year. The gains you are describing are classified as unearned income.