To: angkor
Yes, it is a capital gain. As I understand the tax code, the profit (less expenses) will be taxed at a 28% rate.
14 posted on
02/27/2007 4:37:57 AM PST by
Fresh Wind
(Vaclav Klaus: "A whip of political correctness strangles their voice")
To: Fresh Wind
Yes, it is a capital gain. As I understand the tax code, the profit (less expenses) will be taxed at a 28% rate.
I thought it was 15%.
18 posted on
02/27/2007 5:21:22 AM PST by
Jaysun
(I took one look at her unfashionable eyebrows and thought to myself, "she's literally crazy.")
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