Wayne Rumball's tax write offs Message Board

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Strategies & Market Trends : Wayne Rumball's tax write offs

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To: Ga Bard who wrote (1)	6/6/1998 5:45:00 PM
From: Wayne Rumball	Read Replies (1) of 205

Wayne, Excellent Thread and I love it ... 1.) How much capital loss can you take in a year? Short and Long? You can lose as much as you like. If you want to lose alot I'll tell you exactly which stocks to buy. I own all of them. 2.) What happens to the rest that is outside that? Don't understand the question. I guess outside of losses are profits. But we don't want to talk about that here. 3. What are the percentages for short term capital gains? Long terms? Gains? We are talking about big losses here. 4.) Is airplane tickets, hotels, meals that are associted with doing DD deductible? Deduct everything you want and wait for the IRS to tell you whether or not you did the right thing. LOL ... well that shold take you a while. 5 minutes. GaBArd

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