Income Taxes and Record Keeping ( tax ) Message Board

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

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To: KZAP who wrote (1775)	1/24/1999 9:36:00 PM
From: Colin Cody	Read Replies (1) of 5810

KZAP, I have no idea what it costs. That was just a wild guess. {Probably on the low side) (g) Here's some info: * Rollover gains to an SSBIC investment. If you sell publicly traded stock and, within 60 days, use the proceeds to buy common stock or a partnership interest in a Specialized Small Business Investment Company (SSBIC) you do not have to include the gain for current tax purposes. An SSBIC must be licensed by the Small Business Administration. The amount of gain which may be "rolled over" is limited to $50,000 per year, $500,000 lifetime. irs.ustreas.gov gao.gov www3.techstocks.com Message 3943381 sbaonline.sba.gov Colin

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