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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (156916)	9/12/2011 9:48:22 PM
From: Bearcatbob	2 Recommendations Read Replies (1) \| Respond to of 206093

OK, but that is not just for GE. All corporations are treated like that. Exactly -you make my point - it is not just GE - and it is certainly not only oil companies and corporate jets. GE is simply the poster child for the issue as the man ranting and raving about fairness has Immelt is a position of honor - especially for his "jobs" speech. Oil companies are American companies as well - not simply targets for opportunistic spinners of fairy tales. I submit that Rex Tillerson is doing more for American prosperity than Jeff Immelt. Bob

To: KyrosL who wrote (156916)	9/13/2011 1:37:28 AM
From: t4texas	1 Recommendation Respond to of 206093

there is a special case you can do with the irs to deduct all your losses, but you have to register with the irs as a trader with mark-to-market accounting. the link below is a very useful, helpful, and clear information sheet from the irs that i wish had been available some years ago when i was looking into this tax accounting choice for trading and trading often. the quote i pasted below is just to let you know this irs webpage is well worth reading and studying should you wish to investigate changing at least part of your tax accounting methodology. what i learned from this document is very interesting to me, because, contrary to what i read and studied some years ago, one does not have to be all mark-to-market to trade and/or invest. apparently separate accounts can be held by an individual as investor and trader accounts with different accounting methods applying in each account. this was not something that was clear to me some years ago, and perhaps i should have consulted a GOOD tax attorney back then. this webpage appears to give all the forms and info one needs to accomplish this. if some individual on this board has both investor accounts and trader accounts with the separate accounting rules in practice, i would like to hear privately or publicly what their experience has been. "Further, neither the limitations on capital losses nor the wash sale rules apply to traders using the mark-to-market method of accounting." irs.gov