5/9     I'm stock newbie. Let's say  I made $1000 in Jan 2012 and then
        lost  $1000 in Feb 2012, does that mean I'm not liable to pay
        any tax given that I made $0?
        \_ Yes.
        \_ Are both long term gains/both short term gains? And I assume you
           mean realized gains, i.e. you actually sold the stock in an
           unsheltered circumstance.
           \_ they are both short term gains (less than 1 year between
              buy and sell). How can I do transactions in a sheltered
              circumstance in the U.S.?
              \_ IRA.  Also, be aware of wash sale rules.
                 \_ ah ok. I was hoping you'd give some awesome advice
                    on offshore Swiss Nigeran transactions.
                    \_ Sorry man, I work in Financial Services now. -ausman
                       \_ tell us about the city, ausman
                       \_ Goldman Sachs "creative financing" division?
                          \_ Square Inc. -a
                             \_ I guess that's not too evil.