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Pastimes : The Big Tex House of Coin

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To: JamesB who wrote (17723)	3/25/2001 12:53:52 AM
From: Jeff	Read Replies (3) of 19297

the stocks were sold.....the gains were realized..... then the market tanks......stocks go down..... people refuse to sell their losers...... so back in march as he was trading and racking up gains.....he then started buying other stocks that turned into losers.......and started sitting on losers..... so say at a point in time last year......the person had 100k in realized gains.....and only 6k in losses..... his port was worth 94k..... now he buys other stocks.....as the market tanks.....his 94k is now worth 50k...... so at that point in time.....he has 94k in realized gains......but his port is only worth 50k....... so he has a choice to make...... sell his losers and take the loss......now he has 50k in his port and 50k in realized gains...... because he started with 100k.....had 6k losses early...now he adds another 44k in losses....... but if he doesn't sell that by december 29th...... his taxes show 94k in realized gains......and his port is worth 50k.... if you want.....i'll get out my crayons and draw you a picture with lines and smiling faces to help explain it better.....

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