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Technology Stocks : CMGI What is the latest news on this stock?
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To: ajunkh who wrote (3262)12/29/1998 12:33:00 PM
From: SJS  Read Replies (1) of 19700
 
It's really a moot issue. If you've got a cap gain that large from CMGI this year, you'll do your taxes and pay it on April 15, 1999.

If you sell the same stock on Jan 4, 1999 (first trading day in 1999), you'll have to pay quarterly tax estimate on that large gain in April 1999, as well. If you haven't paid quarterly taxes before, because you haven't had to, you'd better investigate that or else you've got a penalty situation to contend with on April 15, 2000.

The gov wants a reasonable amount of their tax money from your cap gains when you earn it...
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