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Strategies & Market Trends : Turnarund Investing

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Aug 1 5:00 PM EST

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To: thatsnotluck who wrote (1532)	5/29/2012 3:07:54 PM
From: KirbyJF1	Read Replies (1) of 1876

Hi Thatsnotluck- I guess I was not clear when I made the comment that "Do you pay taxes on ROC." I was trying to get the Village mental Giant to make a comment. A person does not pay taxes on Return of Capital, however you must lower your cost on ones purchases. Some of my purchases in 2009 have a very low cost basis. So When I sell some of those lots that I purchased in 2009 my cost will be lower & I will have a larger Capital Gain to report to the IRS. Just love Return of Capital as well as dividends. Have completed my taxes properly. Really love todays rally Kirby

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