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

To: Baghul who wrote (1611)12/15/1998 11:50:00 PM
From: Gorak Shep  Respond to of 5810
 
Baghul, you are close to right.

The "Selling cost" is not cost but selling proceeds.

Sales have an SEC tax of 1/30000 of the sales proceeds before commission which would be $0.04 on your $1300.

Ticket confirmations from your broker will generally reflect this.



To: Baghul who wrote (1611)12/16/1998 9:55:00 AM
From: Colin Cody  Respond to of 5810
 
The "new" system, from about 15 years ago, is to take the figures off of your confirmation slips.

In an earlier post it seemed you were referring to the prior (and more confusing) system.

Colin


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