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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: Colin Cody who wrote (164)3/8/1998 2:31:00 PM
From: Jim Lou  Read Replies (2) of 1383
 
Two questions:

1) If I had a loss of 10,000 in 1997, I can only have 3000 deducted from taxable income, is that correct?

2) About "carry over" of losses, losses in 1997 are allowed to carry over how many years into the future? Is there a limit there?

Thanks
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