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Microcap & Penny Stocks : CECN -- Ignore unavailable to you. Want to Upgrade?

To: Y-fall who wrote (999)11/10/1998 6:06:00 AM
From: Joe Bilich  Read Replies (1) | Respond to of 1030
 
Not a stupid question--but an easy one.

If you have realized a gain of $1000 on one security, and realized a loss of $1000 on another security, your net gain is 0 and you owe no tax. In other words, the offsetting $1000 loss saves you:

$1000 x tax rate

next April (the amount of taxyou would pay on the gain if you did not have the offsetting loss).


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