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crestronwizard

02/27/12 10:57 AM

#17274 RE: sssneo #17270

I had the same idea as I have Ameritrade and ETrade but how do you get around paying taxes on the profit from selling.........
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BigBake1

02/27/12 11:00 AM

#17278 RE: sssneo #17270

Lol... sell for a massive loss and then spend more money opening a new position. Not to mention lose all of those days of holding and have to start the counter all over again. Then tax season rolls around and you cannot claim a loss because you reopened a position.. Brilliant plan..

Then what does one do when E-Trade stops trading it? They are already finished with eating cash for account transfers, they are not going to keep eating costs of manual clearing and settlement in house for much longer.