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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