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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: giddy guru who wrote (657)1/9/1999 2:30:00 PM
From: Colin Cody  Read Replies (1) of 1383
 
Most likely it is taxable income, and most likely the type is a gain of the same nature as you had when you sold the stock i,e, a short-term or long-term gain.

Most likely your cast basis is zero, so it is fully taxable.

Colin
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