Old Feb 26, 2007 | 05:41 PM
  #8  
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JGordon
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Joined: Mar 2002
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From: Golden, CO
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I did have taxes withheld - I only claimed 1 on my W4 - but I made about $10k more in total taxable income than I did last year.

I also had about $7k in "capital gains distributions" from leftover college fund money. But I know next to nothing about that account, it was set up by my parents when I was a kid, is completely managed by my Morgan-Stanley guy and I didn't make any withdrawals or recieve any income/dividends from it in 2006, but as soon as I put in that $7k number my taxes went from getting money back to owing $1500.
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