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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: SCOOBEY-DO who wrote (2337)9/16/1999 1:52:00 PM
From: Marc A. Richter  Read Replies (2) of 18222
 
Just a thought here everyone,
We are now working with a brokerage and using the P.E.R.F.E.C.T. system. Will it be possible to do trail runs of state and federal taxation on profits recieved from investing in stocks. Suppose you invest 10,000 dollars into ECNC and in 2 months (ALL JUST HYPOTHETICAL) it becomes 50,000 dollars, you then would be taxed on the 40,000 dollars you have gained. So therefore would the same hold true for this as it was supposed to for the taxation of gambling wins?
Marc
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