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Strategies & Market Trends : Steve's Channelling Thread
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To: Steve Lee who wrote (27955)9/19/2001 10:12:31 AM
From: Dale Baker  Read Replies (2) of 30051
 
You can offset gains from this year and use an additional $3000 in losses to reduce your taxes. Anything over that can be carried forward at $3000 per year, I believe.

If you lose $100K on paper in the market this year and have no gains, there is no incentive to sell for tax purposes. That could make this year's tax-loss selling season different.

As for margin, those still on margin now are those who survived the drops by managing their accounts and their margin. The rest were bounced out of the market a while back.
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