Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.80

+5.0%

Feb 2 3:59 PM EST

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To: Bernard Newman who wrote (7075)	1/2/1997 9:28:00 PM
From: Gary G. Withrow	of 186894

I disagree with taking a gain to offset a loss, particularly for last year. Losses, at least for 1996, can be deducted up to the $3000 limit, and carried forward beyond that. These losses are written off against ordinary income at your marginal rate which can be as high as 39%. Also in a high tax state like California, the marginal rate can be another 11% on top of that. Capital gains, even in 1996, were taxed at a max rate of 28%, and will likely be taxed at a lower rate in 1997. I would think it would make sense to have taken any losses in 1996 and defer the gains at least until this year. Gary

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