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Author: huskyItalian One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Capital gain taxes on non-IRA account? Date: 5/31/2000 8:59 PM
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I am not eligible for an IRA account, since Im currently unemployed. But recently I was fortunate enough to get some money to invest. I invested in a regular (non tax deferred) Schwab Discount Broker account, which I plan to hold for the long term (at lesast 10 years)

So, do I have to calculate and pay Capital Gains taxes every year, even though I'm not going to sell the stocks?

The same question goes for the dividends that I am going to reinvest right back in the stocks?

Thanks for your help!
huskyItalian
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