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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Wayners who wrote (56072)	5/9/1999 10:24:00 AM
From: tonyt	Read Replies (1) of 164684

<<I don't know about gladly. The problem is fairness. Lets say for example you make $1M this year :). But lets say you lost $1M last year :(. What is your net gain over 2 years? The big goose egg. How much tax should you have to pay on the big goose egg? Zero IMO. How much gain does the IRS make you pay tax on? That's right, $997,000. That is flat out wrong.>> If this is how you have been calculating your loss carryfwds, then you need to file an amended return and collect a big refund. Your point was probably that if you make $1MM this year and pay your tax, but next year you loose $1MM you can only get a $3k loss deduction as the IRS does not allow loss carrybacks.

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