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UPS Discussions
Does anyone purchase the UPS stock at a discount?
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<blockquote data-quote="bluebiker" data-source="post: 1343003" data-attributes="member: 18898"><p>If you buy UPS stock at the 5% discount when you sell you have to declare 5% of the selling price as ordinary income. Also you can't sell for 2yrs unless it's a hardship. Like others have said 5% isn't really a bargain.</p><p></p><p>Also putting all your eggs in one basket isn't good stock advice. If you want to gamble with $10K go to Motley Fool dot.com and see some other options that have done better than 5% and anything held for (I think) longer than 6 months is considered a long term capital gain which is at a reduced tax rate.</p></blockquote><p></p>
[QUOTE="bluebiker, post: 1343003, member: 18898"] If you buy UPS stock at the 5% discount when you sell you have to declare 5% of the selling price as ordinary income. Also you can't sell for 2yrs unless it's a hardship. Like others have said 5% isn't really a bargain. Also putting all your eggs in one basket isn't good stock advice. If you want to gamble with $10K go to Motley Fool dot.com and see some other options that have done better than 5% and anything held for (I think) longer than 6 months is considered a long term capital gain which is at a reduced tax rate. [/QUOTE]
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Does anyone purchase the UPS stock at a discount?
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