Thread: Taxes!
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Old 02-10-2003, 11:34 PM
Ray Zee Ray Zee is offline
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Join Date: Aug 2002
Location: montana usa
Posts: 2,043
Default Re: Taxes!

somewhere this transaction was reported. you owe taxes for the year in which you recived the stock, at its basis. then you owe on any gain from it upon sale. and may be able to deduct aloss if you did incur it. if you get caught you will owe taxes and penalties and interest. which by the time they do audit you will be more than what you got. you need to simply ask an accountant and not a bunch of poker players like us.
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