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Non-Tech : Traders-Unlimited tax losses, unrealized
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To: ahhaha who wrote (4)1/24/1998 3:16:00 PM
From: DD™  Read Replies (1) of 15
 
"capital losses are limited to 3Gs against ordinary income."

Are you saying that trading losses in excess of $3000 cannot offset wage income?

Wouldn't these simply be considered short-term capital losses that can be offset short-term capital gains (which is the same as ordinary income with respect to tax treatment).

Apparently short-term capital gains cannot offset wages, is this correct?

DD
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