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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ed Mitukiewicz who wrote (202)	10/15/2000 10:25:34 AM
From: Condor	Read Replies (3) \| Respond to of 548

Thanks Ed. Buckey tells me traders pay on 100% regardless. Now to define trader? C C

To: Ed Mitukiewicz who wrote (202)	10/15/2000 6:58:47 PM
From: Ron Schier	Read Replies (1) \| Respond to of 548

Question : I bought a stock last June. Sold it early last week( very large capital gains), and bought it back in over the next two days at a $2.25 lower price. Since I re-bought the stock before the 30 day rule, that means the 2/3 capital gain tax rule will not apply; and if I sell it in the next couple months(and stay out of the stock for at least 30 days), the 50% capital tax will apply, with a further $2.25/share less commission add to gain. Is this correct ?? Ron Thanks in advance