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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Dusty Vestal who wrote (6442)	7/18/1998 10:46:00 PM
From: John Flaherty	Read Replies (1) \| Respond to of 43774

Dusty- Tax Question- your cost for 1000 shares would be $1258/5=251.60. So if you sold 1000 @.40 it would be 400-8(comm.)=$392. Your profit would then be $392-$251.60=$141.40.I believe that's what your looking for but check with an accountant to be sure. John F.

To: Dusty Vestal who wrote (6442)	7/19/1998 12:42:00 AM
From: ISOMAN	Respond to of 43774

Depends on what you have been doing up until now. You could use first in first out. Where the first shares you bought are the first ones that get sold. You could use the average share price, when you buy at different prices. or you can select which shares you are selling. For example if you had bought some shares at 25 cents and at 40 cents, you could choose to sell the 40 cent shares for 40 cents, or zero profit. once you pick an accounting practice, you can't change in midstream

To: Dusty Vestal who wrote (6442)	7/19/1998 3:59:00 AM
From: Kennyb4real	Read Replies (2) \| Respond to of 43774

Just a word of advice, If you think that making money in the stock market might become a habit with you, you should consider finding a good tax accountant soon. A good tax accountant will not only help you keep more of what you are making now, but they can give you good advice on how to shelter your income in the future. Personally, I have not had good luck with H&R Block--they are fairly good at filing forms--but seem to be lacking in the tax planning department (which is much more important). You might be better off going with a smaller operation that has more time to spend with their clients.