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

To: Colin Cody who wrote (259)	12/14/1997 8:05:00 PM
From: Roland Chen	Respond to of 5810

Colin, Thanks, I know the rule is the rule, but some time it is hard to accept. BTW, I have not sold my 1530 shares yet, I will wait for 30days period over and may be used for 1998 ! Now I have to look into my portfolio for another one for tax loss. Regards, Roland geocities.com

To: Colin Cody who wrote (259)	12/14/1997 8:28:00 PM
From: diana g	Read Replies (1) \| Respond to of 5810

Re: A)Rollover Losses. B)1st Qrtr Estimated Tax A)If I have $6K of losses in '97, I use $3K to offset '97 income and rollover the remaining $3K to '98. Can I use it against 1st qrtr '98 estimated tax? Or must I spread it over four qrtrs, or not use it against estimated tax at all? B)If I sell in January for a long term gain of $40,000., must I pay estimated tax on the full amount in 1st qrtr? Same for short term gain? ---Just read the thread from the start. A great resource! Thanks to all of you who have eased the perplexedness of investors! Best Regards, diana