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

To: Jeff G. who wrote (1760)1/14/1999 1:03:00 PM
From: OD Bobo  Read Replies (1) | Respond to of 5810
 
A tax question:

I understand long-term and short-term holdings, and that they're taxed accordingly, but recently someone told me that they believe buying and selling a stock in the same day falls under a 'new?' law that subjects that sale to a higher tax. Is there any truth to this? Is there any tax law that affects a buy/sell on the same day, or in the same week?

Thanks to all.


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