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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.08-0.2%2:11 PM EST
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To: H James Morris who wrote (117283)2/10/2001 10:36:45 AM
From: Kevin Podsiadlik  Read Replies (1) of 164684
 
I assume you know if Amzn goes busto you won't have to pay any capital gains on your profit?

That's not strictly true, although you can usually defer the gain for several years. Eventually, the stock of a bankrupt company gets officially declared "worthless", and at that point you are supposed to declare the gain.
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