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Strategies & Market Trends : Wayne Rumball's tax write offs -- Ignore unavailable to you. Want to Upgrade?


To: Wazzy98 who wrote (6)6/6/1998 8:29:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 205
 
Ok I believe the gains are those funds that come from sells. SInce the IRS could careless about what you paid they are only concerned with the sales. It is up to everyone to submit the buys and you can in fact show a loss for a year yet have a terrific amount of gain in investments for the year that you have not sold yet.

hehehehe .. Got to get my quaterly estimate pay

GB



To: Wazzy98 who wrote (6)6/7/1998 12:27:00 AM
From: Cytotekk  Respond to of 205
 
Wazzy - thanks, did not know about short term/ long term write off limitations >eom>