Re: Federal Budget: Possible Elimination of Capital Gains Tax...
in response to
by
posted on
Mar 19, 2011 06:19PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
No Hog, I'll try to explain my question better. Kherson had given an example of the future capital gain scenario (this is a clip from his post):
Here is an example of how I think people could play this. Say I buy SLI stock now at $2.11 and hold on to it until it goes to $4.00. I decide to sell and take my profits and re-invest into something that pays a dividend. Now I also get the dividend tax credit on my dividends...
If the new rules allowed you to do this, I was asking how long after I sold the SLI, would I have to reinvest my money into this new investment, before I could then pull it out, and be tax exempt from the original SLI sale? (Assuming these new changes might go through?)
Not sure if that gets across what I meant?