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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: RoseCampion who wrote (4018)1/27/2002 3:44:55 PM
From: Colin Cody  Read Replies (1) of 5810
 
You may not CHOOSE to defer your $3,000 capital loss. if you have the income, you MUST use it, or lose it.

If you do not have the income, then yes, the $3,000 or part of it, get deferred until the following year.

Colin Cody
traderstatus.com
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