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

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To: Colin Cody who wrote (305)12/26/1997 5:21:00 PM
From: Sonki  Read Replies (2) of 5810
 
colin, important consider: take profit this year to reduce you agi income so u may qulify for Roth next year.

what is so special about July 29th? did u mean 97 or 87?

assuming i m in the highest bracket then

0-12 mon. = oridnary income? state and fed tax?
12=18 month = long term cap gain @28% ? i.e. no state tax etc.
18+ month after may7th = 20%?

are these correct assumptions?

thanks in advance.
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