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dennis wrote:
>Does anyone know if the 60/40 rule still applies with the new capital
>gains laws passed by Congress?
Yes...according to 1997 Form 6781 (from IRS website):
8 Short-term capital gain or (loss). Multiply line 7, column (b) by 40%.
Enter here
and on Schedule D. See instructions
9 Long-term capital gain or (loss). Multiply line 7, columns (b) and (c) by
60%.
Enter here and on Schedule D. See instructions
Tony Haas
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"...to the last I grapple with thee;
from hell's heart I stab at thee;
for hate's sake I spit my last breath at thee."
-from Melville's Easy Language
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