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Old 11-29-2007, 05:01 PM
SenatorKevin SenatorKevin is offline
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Join Date: May 2007
Location: Shampoo is better!
Posts: 283
Default Re: Generic tax question on capital gains.

Sounds like a homework question...

You pay taxes on a stock during the year in which you sold it. If you bought it in `05, you don't pay taxes until you sell it in `07. Short term capital gains is less than a year and is basically ordinary income, long term is 15%.
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