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

To: OD Bobo who wrote (2165)	4/22/1999 4:09:00 PM
From: David Jones	Read Replies (1) \| Respond to of 5810

Thank you, I gleamed this from the site you gave me. Short-Term Gain If the trade date of the sale is one year or less after the trade date of the purchase, you have a short-term capital gain. For example, if you bought on May 12, 1998 and sold on May 12, 1999 you have a short-term gain, because you must hold for more than one year to have a long-term gain. Short-term capital gain is taxed at the same rate as ordinary income (like wages and interest income), unless you have a capital loss that eliminates it. If your gain isn't short-term, then it's long-term. "one more day" Regards and thank you for your help: Dave