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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (505)	4/24/2002 2:26:15 PM
From: Sultan	Respond to of 548

Oops.. Sorry.. I should have clarified.. I thought you were having problem finding the margin interest number as opposed to where and how to report them.. Yes, margin interest is reported in total and there is no requirement to tie it to an individual security because that would be a real nightmare and practically impossible if you buy more then one stock on margin.. I do hope you are using something like QuickTax to prepare your taxes.. Life is much easier..

To: Johnny Canuck who wrote (505)	4/24/2002 3:35:43 PM
From: Miner	Read Replies (1) \| Respond to of 548

Harry, Can I throw my two cents in on this topic too? (that's about my investment gain). Did your broker mention cumulative net investment loss "CNIL" when you talked. I think you have to carry this balance to accumulate all the expenses such as interest paid and safety deposit box fees. The part I am trying to figure out is, when do you use this? I think you are supposed to reduce any capital losses being claimed by this balance, but I have only seen this mentioned regarding farm properties or small business sales. Does it apply to investment gains? regards, john