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Financial Planning / Tax Strategies


Subject:  Loss of Job Date:  12/11/2005  11:53 AM
Author:  TacomaChuck Number:  81866 of 124773

this is going to sound ignorant (imagine that) to many, but I really have no idea. If I were to lose my job and struggle to find another that met my financial needs, how would a sell-off of say $5000.00 of simple stock be taxed? Would this count as straight income for the year? How is capital gains tracked? I wouldn't think that I could be taxed twice on the original investment (post taxed wages used to buy stock), but I'm really not sure how it works.


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