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To: Fangorn who wrote (37653)4/13/1998 2:01:00 PM
From: Eddie Kim  Respond to of 176387
 
>>Thought experiment
You hold two stocks, both with a cost basis of $10,000. One is up 50%, the other down 50%. Sell the up stock for a profit of $5000. Now tell the IRS that you don't owe any tax because you have an offsetting loss in the stock you still hold.

Good example. The government encourages long-term holders, but most traders are willing to pay the higher taxes.

ABout the computer: What can I say? Perhaps the homepage is outdated.


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