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http://boards.fool.com/from-my-research-this-will-subject-me-to-short-23827875.aspx
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| Subject: Re: Minimizing Capital Gains Taxes | Date: 3/13/2006 1:38 PM | |
| Author: TMFPMarti | Number: 84926 of 118626 | |
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From my research, this will subject me to short term capital gain taxes, especially in the short term until I hold at least some of the stock for a year. Since this can be upwards of 25%, does anyone have suggestions how I might be able to 'shelter' some of this tax money (and lower my percentage of taxes?) Aside from waiting to begin your sales until you have some long-term shares to sell, there isn't any way to avoid the short-term treatment. What you do with the proceeds doesn't affect the taxation of the gain. Phil |
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