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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (251254)7/21/2003 2:26:15 PM
From: Tommaso   of 436258
 
Only way I can figure it there must be people who have been holding losing short positions for years and the Feds don't want to let them take huge short term losses (though they would never let them take long term GAINS if they were winning on those positions). But surely the Quicken program could be set to measure interval between the two dates and automatically call it short term loss if it is less than a year.

Of course these are the same people that brought us the Turbotax that last year would not run on but one computer and if that computer broke or you bought a new hard drive, you had to buy a new copy. (I notice they did just deactivate that feature after many people switched to Tax Cut).
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