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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Robert A. Green, CPA who wrote (255)3/25/1998 12:48:00 PM
From: Colin Cody  Read Replies (2) of 1383
 
Robert, Actually when I read my reply, I realized the 2nd part needed a cite too.
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Part 2
"If your net capital loss exceeds the $3,000 limitation, then you may report the excess unrealized losses on Schedule C. We suggest you explain this treatment on your tax return in a memo"
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The question isn't whether the UNREALIZED LOSSES go on Sch C. I understand your interpretation (posted here yesterday) 100% in that regard. What I requested a cite for was putting only the "EXCESS unrealized losses on Schedule C".
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Thanks! Colin
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