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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Joe Lyddon who wrote (5785)5/21/1999 7:21:00 PM
From: Jim B  Respond to of 108040
 
I hope you're right cuz that's how it should be for capital gains/losses.. i lost a bundle last 2 years and if I actually end up doing well this year I dont wanna have to pay taxes on all of it if the system will let me offset some/most/all of it with my losses from 1997 and 1998.

jim



To: Joe Lyddon who wrote (5785)5/21/1999 7:39:00 PM
From: Craig K  Read Replies (2) | Respond to of 108040
 
you are correct....if you carry over 97K loss and make 100K this year, you will only owe taxes on 3K....



To: Joe Lyddon who wrote (5785)5/22/1999 10:10:00 PM
From: callme  Respond to of 108040
 
i agree with what you said thats how my accountant did mine this last year.