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Thank for your reply.
I am talking about US stocks in my brokerage account.

I will read through the IRS publications again, and try to find where that distinction is made.

I do believe you are right but I wouldn't be able to hold you responsible if you were wrong. And I doubt that the IRS would accept posts from this Board as justification for my not paying tax.

I wish that the IRS could be as concise and as clear as you when they write their publications.
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