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Financial Planning / Tax Strategies


Subject:  Re: Capital gains tax question Date:  2/11/2000  9:14 PM
Author:  Bob78164 Number:  28372 of 127745

jp4me writes:

Bought stock in xyz, and they have made money on paper I plan to leave them alone until retirement. Do I owe any taxes on this , or is tax due when cash out.

I reply:

If the company pays dividends, you will owe taxes on those at ordinary income rates. But you will owe no taxes on capital appreciation until you sell the shares. --Bob
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