| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
I have a tax question. Lets say you buy a stock at X dollars and it splits several times over the years, then you sell some stock at a dollar value that is less than X, but you made a large capital gain. How does the IRS track this gain? On the surface it looks like a capital loss. thanks, Rich
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 968.1 | Net Totals are what counts... | DZIGN::HABER | Jeff Haber..SBS IM&T Consultant..223-5535 | Mon Jan 22 1996 17:27 | 7 |
Sorry, they're smarter than that... the numbers that matter are your
basis (i.e.- how much YOU spent for the stock including commission) and
how much you received on the sale (NET). The difference is your profit
or loss. The price/share is only relevant in filling out the form, but
the numbers must tie to the NET totals in and out...
/jeff
| |||||
| 968.2 | .0 formatted for 80 columns so everyone can read it | 2155::michaud | Jeff Michaud - ObjectBroker | Mon Jan 29 1996 19:55 | 13 |
Note: 968.0 Author: SUBSYS::BATTISTINI Topic: Tax question on splits Date: 22-JAN-1996 15:10 I have a tax question. Lets say you buy a stock at X dollars and it splits several times over the years, then you sell some stock at a dollar value that is less than X, but you made a large capital gain. How does the IRS track this gain? On the surface it looks like a capital loss. thanks, Rich | |||||