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scenario using the roth ira: i put 2000 into the ff program dec 20, 1998. on dec 22, 1999 i look at the new ff's and they have changed. after selling all stocks i have profited $700. i want to reinvest all of this money (2700). am i taxed on the 700 that i earned even though i am reinvesting it?

question 2:
since i am paying short term gains anyway, does it matter if i take out the money on dec 10? ( i may be incorrect, but i am assuming that long term is 18 months and short term is anything less.)

question 3:
i am 21, a student and earn approx. 12000 annually, can you tell me what my short and long term tax bracket will be?

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