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

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To: Zeuspaul who wrote (1)2/21/1998 7:39:00 PM
From: Cosmo Kramer  Read Replies (1) of 5810
 
To any and all:

I have a couple of tax questions regarding an IRA account and a long term profit.

I'm going to be placing my IRA money in a IRA account were I can trade stocks,
some daytrading and long term stuff. Are the trading fees taken out of my IRA money
and if so, does that mean I'm spending it before my golden years...ie penalties??

Could someone explain how to take advantage of a long term gain (over 1 year)

I know this is probably basic stuff, but inquiring minds want to know..

Thanks

Mark
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