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Financial Planning / Tax Strategies


Subject:  Novice tax question Date:  10/13/1999  5:07 PM
Author:  Csiebsen Number:  19611 of 127753

This will surely show my ignorance, but here goes:

Stock A gains $100 and stock B looses $100 and I sell them. Do I pay capital gains on the $100 gain or does uncle sam consider this a wash and $0 tax is owed?

Thanks for you patience.

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