RE: ``I need to hold for another 11 months to avoid that pesky 30% short term cap gains tax.`` Ease,

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envexed

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RE: ``I need to hold for another 11 months to avoid that pesky 30% short term cap gains tax.`` Ease,

posted on Mar 17, 2006 08:10AM

I would like to know also, it will matter one day on what price to sell at.

Can some lawyer tell me about ``income averaging`` is that allowed anymore? Say I made 60k a year ago and this year make 1.26 million.....will this IRS let you ``income average``

and pay taxes on say 660K for the year. I was under the assumption there was some sort of provision for huge gains, like this.

Also I was wondering if there is a one time use allowance for a peroson to take in there life time with reguard a huge winfall.