Taxation as of 8/13/11 on IQD

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Taxation as of 8/13/11 on IQD

Sat Aug 13, 2011 4:54 pm by MichaelG

As of today, our investment will be taxed as a Schedule D Capital Gains/Loss investment. Simply put, after basis is calculated and removed from the investment, the tax percentage is then figured. Short term, less than one year, will be 35%. Long term, more than one year, will be 15%. If there is any change in the tax code I will update this thread accordingly.

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