1.Sale of security trigger tax event unless in an IRA. Not an accountant, but have paid lots of taxes. 2.Several things come to mind A-Setup a ROTH IRA B-Consider tax before you sell and make sure you are covered. I see these on the penny board having several trades a day,and wonder if they are keeping track of this. You can only write off $3000/yr losses, but must report & pay your gains. Dollars above $3k may be carried forward.
[This message has been edited by VNGNTN1 (edited December 09, 2003).]