Thread: Investing 102
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Old 01-02-2012, 02:09 PM
billscamaros billscamaros is offline
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Originally Posted by pw2006 View Post
Hey billscamaros- You would pay taxes on the gains in the year they were incurred, the tax basis does not roll into your new stock purchase.
Ahhh .... I didn't read thru all of the posts prior to asking my latest question. So, the answer is 'yes' .... the capital gains are defined immediately upon selling the stock.
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