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

To: Rutgers who wrote (361)	12/30/1997 12:25:00 PM
From: C	Respond to of 5810

Wannabe: Thank you for the info regarding the $3,000 deduct figure. I know this is basic investor knowledge----and now I know as well. Thanks Clamenza

To: Rutgers who wrote (361)	12/31/1997 5:13:00 PM
From: Trevor Goodchild	Read Replies (1) \| Respond to of 5810

WF, Is the $3000 limit net of margin and transaction costs? In other words, with this example: A 10,000 gain B(13,000)loss C (1,000)transaction fees D (5,000)margin costs Which scenario is correct: Worst Case: Schedule D: A+B+C+D= (9000) thus (6000) carryover or is it Most Likely Case: Schedule D: A+B+C=(4000) and (1000) carryover while the (5000) goes on the Schedule A or is it Best Case: Schedule D: A+B=(3000) and (6000) to Schedule A I guess what I'm really asking is if there's a place to stick the transaction costs from an itemization point of view that's separate from the schedule D? Thanks in advance.