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Pastimes : Makin' money honey
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To: sandintoes who wrote (1496)12/19/2004 9:06:44 PM
From: stock leader  Read Replies (1) of 2260
 
translation ---- some person tried to take his HUGE stock loss on his Schedule A of his Form 1040. He listed it on his Schedule A under 'casualty/theft losses'. He obviously did this to 'try' to get by the rule that stock losses must be reported on Schedule D and only $3,000 of stock losses can be deducted per year. By attempting to put his HUGE loss on Schedule A, he tried to take his whole deduction in one year!

With such a move, you can smell the anger at corporate crooks!
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