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Politics : American Presidential Politics and foreign affairs
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To: tonto who wrote (48779)11/27/2011 7:03:58 PM
From: DuckTapeSunroof  Read Replies (2) of 71588
 
Re: "There are caps which are very low on long term capital losses"

I specifically wasn't talking about matching realized Cap. Losses against ordinary ('earned') income.

But about matching against realized Cap. Gains to 'wash' them clean of tax liability.

(Also referred to the ability, under current codes, to carry-forward losses for an unlimited amount of time....)
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