Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Miller who wrote (3621)	1/31/2001 8:28:27 PM
From: Nutty Buddy	Read Replies (2) \| Respond to of 5810

So let me see if I have this one right: If I have investment gains of $30,000 in a year, I have to pay taxes on that $30,000, not only in that year, but also distributed with some complicated formula over the quarters to avoid penalties, HOWEVER, If I have $30,000 in investment losses in a year, and out of frustration, I decide to give up investing all together, I would be forced to claim the losses at $3,000 per year over the next ten years. Does that make sense? What Democrat came up with that idea?? Or was that from the King George III era? Buddy