SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : IRS, Tax related strategies--Traders
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Box-By-The-Riviera™ who wrote (117)2/20/1998 3:17:00 PM
From: Len  Read Replies (2) of 1383
 
Thanks Joel.

That's what I'm trying to get at. If you make the election, then everything becomes "ordinary," according to your post. So, if you end up with a net loss for the year, then that loss is ordinary, right? Then it follows that the loss would not be limited to the $3000.

If that is so, it's conflicting with what Colin said in his previous post. And then I am back to my original question of how to make the jump from Schedule D loss to front of 1040.

Of course, this is all assuming a loss for the year. The issue I am speaking of is only germane if that's the assumption. Figure the person starts with a huge bankroll and is slow enough on the uptake that he/she takes a few years to learn his trade.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News