LoL! talk to a tax advisor to be safe! Like me, I am safe, cause I got 20 grand I can play with, Once you make more than 20 grand, then the capital gains tax starts! It is only on profits!
For me I can do it! But you have they wash rule to remember too!
As long as you understand wash rule, you can understand it better!
Here another hint, do not play games with IRS on this, it will be severe! One I know found out!
Best to have a tax preparer do it, so you are safe!!
Didn't need a preparer last spring, but will have one next winter if I take out more than 20 grand!
For 100.00 bucks, you are safe, and don't lie to tax preparer!
Feeling and knowing your safe, goes a long ways and you don't haft to look over your shoulder everyday from IRS!
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