You can take your basis out without a problem, but for gains i believe it is 25% or more based on earned income for short term gains and 15% if held for more than 1 yr.
My understanding of the tax laws are that in order to get the reduced tax % u need to hold your position for 12 months...so each time u bought a position in GOIG you need to wait 12 months from the date you purchased each individual acquisition. I believe its 15% across the board for all longs.
Shorts fall under the tax bracket you are placed in at eoy...28...30..33..etc.
This is what I read the other night when researching.
Don't quote me..but I'm pretty confident that's how she works.
Also if you sold and a portion of your sell is long and a portion short..it should reflect on your tax statement from your broker. All the data should be available in your statement.
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