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

To: Bill Shepherd who wrote (1676)12/30/1998 4:27:00 PM
From: STEVE  Read Replies (1) | Respond to of 5810
 
Options question... Is it true that Brokerages do not report options transactions to the IRS?? Why is that?



To: Bill Shepherd who wrote (1676)12/30/1998 4:45:00 PM
From: JungleCat  Read Replies (2) | Respond to of 5810
 
Does anybody out there know if there is a simple rule of thumb for when one would be required to pay quarterly taxes due to a short term capital gain? For example, let's say I make a trade on January 1, 1999, that results in a profit that increases my net income by 20%. Can I wait until April 15, 2000 to pay the tax on it or is it not that simple? TIA.



To: Bill Shepherd who wrote (1676)12/30/1998 5:18:00 PM
From: Paul K  Read Replies (1) | Respond to of 5810
 
"... Or FedEx is equivalent to UPS?... "

It would indeed be tough to prove FedEx stock is 'substantially equivalent' to UPS;

FYI: UPS stock can only be purchased by employees and is not available on the open market. It used to be only management could buy stock, recently they made it available to other employees...some say as management's way to discourage union members from trashing the company.


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