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To: adcpres who wrote (39312)12/26/2000 1:45:20 PM
From: Chris  Read Replies (2) | Respond to of 42787
 
note: (correct me if i am wrong):

long term gains can only be deducted with long term loss

short term gains can only be deducted with short term loss.

but short term losses can deduct ordinary income.

(this is why im not a CPA) -ggg-



To: adcpres who wrote (39312)12/26/2000 1:51:47 PM
From: ftian  Read Replies (3) | Respond to of 42787
 
I have large long term capital gains and also large
short term losses in 2000. Is it wise to deduct the gains
using the losses ? Opinions please?


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