Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
[[Has anyone invested in Specialized Small Business Investment Companies
(SSBIC) or purchased Common Stock in an attempt to defer short term capital
gains? If yes, can you explain how I can benefit from using this method? ]]

If you are thinking that stocks on the major exchanges would qualify as SSBICs, you would be sadly mistaken. Most of these companies are small, startups...and you virtually have to know somebody that knows somebody to get in on the ground floor of a successful SSBIC.

You can read more about SSBICs in IRS Publication 550 at the IRS web site.

[[ How can I purchase Common Stock for Microsoft or AOL?]]

Through your brokerage account? I'm not trying to be a smart ass, but I guess I just don't understand your question. And, by the way, neither AOL nor Microsoft would qualify as an SSBIC.

TMF Taxes
Roy

Want to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.