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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (17725)	3/25/2001 1:04:49 AM
From: JamesB	Read Replies (1) \| Respond to of 19297

Well now, you said: example......you made 100k in capital gains in 2000......but as your port bleed down in the fall.....its only worth 30k..... so in december you had a choice.......take your 70k in losses and you wouldn't be taxed on that.....you would only have 30k to show.....thus you would only be taxed on 30k in capital gains..... There was no mention of selling (realizing capital gains), anywhere in that post. If you will read it again, it is pretty clear that what you said was you would be taxed on unrealized capital gains if you did not sell before the end of the year, and obviously that is just wrong. That is the entire issue here, nothing more nor less, and all the condescending remarks will not change that.

To: Jeff who wrote (17725)	3/25/2001 10:56:50 AM
From: Skycat	Read Replies (2) \| Respond to of 19297

One thing about House keeping...sooner or later, the dust blows back in. Even with my 'fuzzy math', I clearly understood your post: you made 100k in capital gains in 2000 Thanx, Jeff for giving most of us here credit in assuming we would KNOW that in order to make a capital gain, one would have had to sell the stocks, otherwise a GAIN could not have been realized. You always make the effort to take the time in your posts to give the clearest understanding possible and avoid confusion. I for one, am honored that you would have assumed I would be privy to the knowledge that a capital gain is assessed at the time an asset is sold....LOL. However, in the future, perhaps it would be prudent to conduct the 'classroom' with your alternate method: if you want.....i'll get out my crayons and draw you a picture with lines and smiling faces to help explain it better..... This would rule out the possibility that some of the children coming to class couldn't keep up...LOL Oh, and BTW....I'm reminded of the book: 'All I Ever Needed to Know I Learned in Kindergarten' by Robert Fulgham Most of what I really need to know about how to live and what to do and how to be, I learned in Kindergarten. Wisdom was not on top of the graduate mountain but there in the sandbox at the nursery school. These are the things I learned: Share everything. Play fair. Don't hit people. Put back things where you found them. Clean up your own mess. Don't take things that aren't yours. Say you're sorry when you hurt someone. Wash your hands before you eat...Flush. Warm cookies and cold milk are good for you. Live a balanced life. Learn some and think some and draw and paint and sing and dance and play and work everyday some. I guess the rules still apply. And it's a dang shame to check in this morning and wonder why, if there were any confusion, those kindergartners couldn't raise their hands and politely ask for clarification. I'm sure jeff would have been glad to go back to the blackboard until the picture was clear. Instead, there was an initial attack, criticism, biting, scratching, kicking, name calling and even setting up a new clubhouse....which, by the way, shows there really is no 'Waste Management' on SI or that piece of trash would have been taken out by now. Thanx, as always jeff, for Stockgarten.....