Home on the range where the buffalo roam Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: davidcarrsmith who wrote (11515)	3/14/2001 9:22:57 AM
From: Tomas	Read Replies (1) of 13572

Re $3000 maximum tax loss This story was recently in the "St Petersburg Times" This guy turns $20,000 into $4,000,000 trading stocks during the recent 1998-1999 bubble. Anyway in 2000 he gets wiped out with just $400,000 left. The problem is he owes the IRS $500,000 for his short term tax gains and he just can deduct $3000 against his losses!! The IRS finally decided to let him keep his house. This comes under the category: "Don't wish too hard, you might get your wish" Tomas

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next