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Financial Planning / Tax Strategies


Subject:  tax question Date:  4/7/2010  6:01 PM
Author:  bluemoth Number:  109987 of 129380

I apologize if the following question has been asked several times but this is quite new to an hypothetical scenario...If I bought 100 shares of company X on 11/1/2008 and later on bought 100 more on 6/1/2009, then sell 100 at a profit on 12/1/2009, how do I calculate taxes on this transaction? is it long-term capital gain or short term capital gain?

thank you very much
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