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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (275)12/18/1997 9:08:00 AM
From: RealMuLan  Read Replies (1) of 5810
 
Colin: Correct me if I am wrong. I think as an ordinary INVESTOR, all the short-term capital gain are considered as ordinary income, thus, are taxed at ordinary income tax rate, which can be as high as 33% or 36% (I don't remember exactly which). Does that mean, if I choose, I can use all short-term capital gain to offset margin interest (investment interest)? Thanks so much for your time.
Good luck.
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