SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Shick who wrote (2151)5/28/1996 5:47:00 PM
From: Jon Wagner   of 58324
 
Gotta Tax Question for you expert investors ;)

Let's say you held 100 shares in IOMG that you purchased for $25. The
stock climbed to, $55 and you sold for a total income of $5500. A week later the stock falls to, lets say $30/share and you use all the
income derived from the sell and purchase 183 shares for $5500.

Several months pass, the stock is now at $100 share so you sell for $18,333. Still all within one year. My question is:

How much tax would one owe? Tax on $18,333 alone or tax on $18,333
plus $5500?

Thanks,

Jon

PS. Incase you haven't guess, I've never sold a share of stock. I'm
not planning on it either, I would just like to know what the law entails. It may change some of my future decisions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News