The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Cap Gain of $0.10||Date: 2/18/2013 2:21 PM|
|Author: ptheland||Number: 117822 of 121219|
Let me repeat vkg's question slightly differently.
Is the gain 10 cents? Or is the gross proceeds 10 cents?
There's a big difference between:
1. a transaction with gross proceeds of $20,000.10 and a cost of $20,000.00 and
2. a transaction with gross proceeds of $0.10.
One can be ignored as a rounding error and one almost certainly needs to be reported.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|