MoneyMe queried:l) Just want to be sure I understand this right. I can add the commission charges to my base when I figure out the captial gains?Correct. The commission on the purchase of the stock is added to the purchase price of the stock. The commission on the sale of the stock is subtracted from the gross receipts of the sale. The net purchase price is then subtracted from the net receipts to calculate the capital gain. 2) My original purchase date is the date I use even if I have recieved more stocks due to a split?Correct. 3) The capital gains tax last year for stocks held over 18 months was 20%? Please correct me if I'm wrong. And for this year they are just at whatever tax rate your income is based on? Doesn't matter if these are short or long term holds for this year?Not quite. As of 1/1/98, the 20% (or less) tax rate applied to stocks held over a year. That can be stated as a year and a day. The 18 month holding period applied to some stock sales in 1997. The capital gains that are taxed at your marginal tax rate are the short term gains regardless of the year of sale.
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