Petaquilla Minerals Ltd PTQMF

RE:RE:Stock or Cash?

[wwadehammer]

If a sale goes through now, I'll have of short term capital gains (stocks held less than one year). Short-term capital gains are taxed at a higher rate than long-term capital gains.  Long-Term capital gains (stocks held over one year) can be writen off against any long-term capital losses from the past or present.  You can't write off long-term capital losses against short-term capital gains for tax purposes here in the U.S.

 In a stock deal, I could hold the new stock until one year passes and receive the favorable tax treatment and write off some losses I had in prior years.