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URL:  http://boards.fool.com/i-assume-my-income-tax-liability-will-be-the-19115908.aspx

Subject:  Re: Simple question? Date:  5/29/2003  10:54 PM
Author:  buzman Number:  65584 of 121564

I 'assume' my income tax liability will be the same, correct?

Hope I understand this correctly.

The interest will be ordinary income. While the portion of the gain attributed to appreciation is long term capital gains.

You should meet with your accountant to explain pertinent options.

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