Long term is one year and a day and taxed at 20%.
Post# of 41414
Posted On: 10/13/2014 10:22:43 AM
Re: MikeSLTJ23 #7554
Long term is one year and a day and taxed at 20%. Anything less than that is ordinary income and taxed at your highest tax rate.
As for which shares sell first, just specify it when you put up your ASKS. You can specify last shares purchased or first shares purchased, the ones you spent the most on or the least on, etc. - but make sure you specify AT THE TIME YOU PLACE YOUR ASKS based on your own personal goals and situation.
For instance, in the case of my new bride, she will sell the most recent shares purchased first (those purchased in July), and her first purchases.....made in February.....last. In that way, there is a very good chance that she will take advantage of the year and a day rule and only pay 20% taxes on a good portion of her shares.
One last thing: There is an SEC 2 year rule regarding PP and Baltia's filing of their 10-Q. If Baltia files their 10-Q late, then any shares purchased via PP that are less than 2 years old cannot be sold until apparently the next quarterly filing is done on a timely basis......and of course if that one is late, then the next filing, etc.
LOL.........I wonder if Baltia has been DELIBERATELY filing late to further restrict the number of shares available in the float?.............................................
As for which shares sell first, just specify it when you put up your ASKS. You can specify last shares purchased or first shares purchased, the ones you spent the most on or the least on, etc. - but make sure you specify AT THE TIME YOU PLACE YOUR ASKS based on your own personal goals and situation.
For instance, in the case of my new bride, she will sell the most recent shares purchased first (those purchased in July), and her first purchases.....made in February.....last. In that way, there is a very good chance that she will take advantage of the year and a day rule and only pay 20% taxes on a good portion of her shares.
One last thing: There is an SEC 2 year rule regarding PP and Baltia's filing of their 10-Q. If Baltia files their 10-Q late, then any shares purchased via PP that are less than 2 years old cannot be sold until apparently the next quarterly filing is done on a timely basis......and of course if that one is late, then the next filing, etc.
LOL.........I wonder if Baltia has been DELIBERATELY filing late to further restrict the number of shares available in the float?.............................................
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