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Sincaster

11/13/09 10:13 PM

#64891 RE: el_loco09 #64887

TAX QUESTION OT:

If I profitted lets say $40 on a different stock, sold it and invested it all in a losing stock, lets say, this one. Do I have to pay taxes on the stock I profitted on even though I lost it on this one if I am still holding this one? Or do I have to sell this one to offset the gains from the other?

Anyone know? Ill call an accountant of course, just curious.