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Infosys Limited Message Board

  • dazzle_n_hazzle dazzle_n_hazzle Jul 28, 2012 12:29 AM Flag

    Need Info on Stock Trading Tax

    Request to reply to this question.
    "I am carrying over stock losses of $18000 from prior years. If I make a profit of $18000 in day trading this year, will this cancel out, and I have to pay no taxes. How does this work. "

    Has anyone tried out the 30 Free Trades offered by Merill Edge. Is this Good for day trading.

    Thank You in advance.

    Position : Long on INFY

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Dear Clueless Immoral long,

      You should be able to apply the punishment for investing in the enemy
      to any other gains.

      The important part of trading is getting good prices on filled trades, not saving $10 to loose $1000 on a bad fill.

      Continuing to invest in enemy firms that are responsible for a worldwide
      depression and resultant financial
      crisis will only bring you further losses.

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