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

To: Rutgers who wrote (356)12/30/1997 9:59:00 AM
From: MJR  Read Replies (1) | Respond to of 5810
 
I know that this is a very basic question... sorry.

Are commission charges figured in any way when doing taxes? Or, are my capital gains simply the sell price - buy price?

Thanks,
Mike



To: Rutgers who wrote (356)12/30/1997 10:31:00 AM
From: C  Read Replies (1) | Respond to of 5810
 
Wannabe:

< would not only wipe out the capital gains for the year, but also result in more than the $3,000 limit for losses.>

What did you mean when you referred to the above " $ 3,000 limit for losses "?

Thanks

Clamenza


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