Sharck Soup 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.

Strategies & Market Trends : Sharck Soup

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: djj who wrote (16237)	4/14/2001 4:00:17 PM
From: Goodale	Read Replies (1) of 37746

If you qualify, the losses and expenses would ultimately wind up on Schedule C. The expenses wouldn't be subject to the 2% limitation as on Schedule A and also losses wouldn't be subject to the 3,000 limitation. Appears you would've had to made the mark to market election in the preceding year to claim the losses or would have to make it now for next year. I'm not an expert but here is an article which also references another which covers the subject. smartmoney.com Given the deadline for filing your return is Monday, you may want to file for an extension and consult a professional tax preparer as it is a complicated area. You automatically get a 60 day extension as long as you pay any money due with the extension. Good Luck.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next