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Author: rjm1 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122536  
Subject: Re: TMFTaxes Date: 4/10/1999 12:34 AM
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If you look in your tax manual (page D-4 of the IRS 1998 1040 tax manual) under
short term capital gains, it references two methods that one may use to Defer
the payment of "Short Term" capital gains. One of the methods is to purchase
common stock within 60 days of selling a security which will be subject to short
term capital gains. I am simply looking for a definition of common stocks and,
weather or not can I purchase Common Stock for Microsoft or AOL from my
broker.


Never hear of this and do not know the book you site.
Do the footnotes reference a code section or rev rule? Is there a publication number for the tax manual?

I think common stock would be any publicaly traded company. This can not be correct because may of use have short term profit and buy common stock within 60 days of the sale and pay tax on the gain. But I think we are all willing to learn new tricks.
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