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To: Paul A who wrote (15629)11/5/2001 8:58:01 AM
From: Nick JMH  Read Replies (1) | Respond to of 19633
 
Paul: What you have stated in terms of carryover is correct, but I have one general question: Why are we not allowed to deduct full losses in the year they occurred, as we are required to pay taxes on all of our gains for that year?

Seems unfair. With so many individuals suffering losses this year, they ought to look at increasing the 3k loss limit vs. reducing the capital gains tax. Nick



To: Paul A who wrote (15629)11/5/2001 9:08:56 AM
From: Bill Cotter  Read Replies (2) | Respond to of 19633
 
Hi Paul; My only complaint about the carryover is that it has been the same $3000. for the past 25 years. It needs to be adjusted for inflation.



To: Paul A who wrote (15629)11/6/2001 8:06:29 AM
From: Agamemnon  Read Replies (1) | Respond to of 19633
 
Paul thanks,
<as a loser are paying off!
>
WOOHOO!!


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