Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Greg Peckton who wrote (339)	12/28/1997 9:32:00 PM
From: Box-By-The-Riviera™	Read Replies (1) of 5810

Man.... you are going to have a major head ache... bottom line... you can only apply $3000 of your loss in the current year....and carry the rest forward, $3000 per year, for the next more or less 7 years..... no idea about california.... no doubt an additional complication to your life.. the trading slips are useful for sorting out your trades.....much harder to do it from statements....but statements should be enough proof for IRS.... as long as your tax return balances with what is reported...to them by your brokers in Jan..... Joel

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