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what's up with brokers' commissions and taxes?

1999 was, for the most part, another banner year for the U.S. stock market. Seeing your portfolio take off is a thrill, but there's a downside to all that profit: that labyrinth of capital-gains tax laws that you've got to weave your way through by April 15. When you're computing Uncle Sam's take of your haul, you may be wondering about how brokers' commissions figure into the equation. According to Money.com's Teresa Tritch, there is, in fact, a tax break for fees incurred when buying and selling equities. So how do you make sure you take advantage of this perk? Follow the link above for the specifics.

Mon, 31 Jan 2000 06:59:36 -0800