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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Paul Senior who wrote (60820)	2/27/2006 7:36:50 PM
From: fp_scientist	Read Replies (2) of 206325

Re: "If you make enough money - and imo '05 was the year to do it for oil stocks - those gains ought to - or might have -wiped out carryover capital losses, and without carryover losses, there would be no $3000 write-off to discuss." somewhat off-topic, but has anyone here been hit by the AMT to the point of making their cap gains carryover losses totally wiped out? I am afraid I have fallen in that category for 2005. My AMT ends up being twice what the regular tax tables indicate because to calculate it they put back real-estate taxes, ignore capital gains carryover losses (of which I had plenty), and limit the mortgage deductions. Freaking unbelievable. I am still hoping for a bug in Turbo Tax ... yeah, right.

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