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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: JGoren who wrote (1426)7/11/2001 11:25:28 AM
From: Mike Buckley   of 5205
 
what i am not sure of is whether long-term losses are then, dollar for dollar, netted against short-term gains to arrive at the figure on which tax is paid.

My understanding is that they are.

(28% tax rate on LTCG)

We live in a different world now. Be thankful that the highest long-term rate is only 20% and, depending on circumstances, is as low as 8%.

--Mike Buckley
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