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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (2259)	7/8/1999 9:57:00 AM
From: Captain Jack	Respond to of 5810

Thank you very much for the info. CJ

To: mod who wrote (2259)	7/8/1999 9:52:00 PM
From: Spots	Respond to of 5810

I don't think you can generalize that easily, though I'd agree that most of the states I know of work the way you said. However, I have in the past ended up paying capital gains in THREE different states on exactly the same gains. Ugh. It wasn't a typical situation (it involved an installment sale, for instance), but the point is that unless you know specifically about the particular states involved, it's unsafe to generalize. You have to check the specific laws covering the specific situations in each state. Spots