SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Dick Jaffe who wrote (3547)12/14/1997 11:44:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 11708
 
Thank you Dick for the verification of the 30 day rule. But I have another question, wouldn't the margin interest still be deductible since it arose out of an investment. (Like, when you put up half to buy a marginable stock, you can deduct the margin interest.)

Or, is it non-deductible in this case because you went 100% to buy initially and THEN months later you borrowed back appreciation ? Thus, the borrowing was not to buy an investment but for living exp.

Have I answered my own question?

TG



To: Dick Jaffe who wrote (3547)12/14/1997 11:48:00 AM
From: David Smith  Read Replies (2) | Respond to of 11708
 
Anyway, the sale of your appreciated stock, if held for 18 months, would only be taxed at a maximum rate of 20%

Not only that, but I will then be living in FL or NV, either state has no state tax. Have I figured this all out, or what?

David

Greg; can I rent a room from you when I visit?


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News