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To: Cliff Daniel who wrote (6786)7/29/1998 2:10:00 PM
From: Gus the Dog  Respond to of 11684
 
And one very peeved spouse, no dought !



To: Cliff Daniel who wrote (6786)7/29/1998 2:11:00 PM
From: Q  Respond to of 11684
 
you can claim the max. IRS allows and rolled over to coming years until you have claimed all of your losses



To: Cliff Daniel who wrote (6786)7/29/1998 2:12:00 PM
From: Major Tom  Read Replies (1) | Respond to of 11684
 
0 gains 15000 losses you can take 3000 this year carryforward the 12000 losses

Major Tom



To: Cliff Daniel who wrote (6786)7/29/1998 2:22:00 PM
From: Beantown  Read Replies (1) | Respond to of 11684
 
You can take losses to the extent that you have gain. If you have zero gain, you can take up to 3,000 in losses against your ordinary income


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