COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Glenn D. Rudolph who wrote (6477)	10/8/1997 7:41:00 PM
From: Bill Ulrich	of 22053

Glenn, tax stuff... This isn't the exact answer, but it's a step in the right direction: irs.gov (anybody who thinks the IRS doesn't have a sense of humor should check this out) ******edited****** This is closer: I have capital losses of $4,000. How much may I deduct this year? Your allowable capital loss deduction for any tax year, figured on Schedule D, is limited to the lesser of: 1.$3,000 ($1,500 if you are married and file a separate return), or 2.Your total net loss as shown on line 18 of Schedule D If you have a total net loss on line 18 of Schedule D that is more than the yearly limit on capital loss deductions, you can carry over the unused part to later years until it is completely used up. For more information about capital gains and losses, see Publication 544, Sales and Other Dispositions of Assets. -MrB

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