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Strategies & Market Trends
Income Taxes and Record Keeping ( tax )
An SI Board Since September 1997
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Emcee:  Zeuspaul Type:  Unmoderated
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4110<i>I hope you go to hell with those scum that brought that litigation. <Gorak Shep-2/25/2002
4109I hope you go to hell with those scum that brought that litigation.White Bear-2/25/2002
4108Greetings, Last 1/2001 I received a payment for Securities Litigation settlemenmargin_man-2/23/2002
4107OT <<Work, bear market, and traveling kept me at minimum investing/tradingWTMHouston-2/22/2002
4106Hey Troy, Thanks for the answer. Work, bear market, and traveling kept me at mRudy-2/22/2002
4105Hi Rudy -- long time..... A deductible capital loss (and not all capital lossesWTMHouston-2/22/2002
4104The question was: Can you claim a capital loss from a few years back? Or it haRudy-2/22/2002
4103yeah.. well, if you worked for enron, its 150k not 45.Box-By-The-Riviera™-2/21/2002
4102<i>"for most people"</i> ROFLWallStBum-2/21/2002
4101Gorak, <I>So you must take 3K of the carryover every year even if you havDan Duchardt-2/21/2002
4100<i>When you figure the amount of any capital loss carryover to the next yeGorak Shep-2/21/2002
4099i got that limit number some time back in a conversation with IRS I believe.. Box-By-The-Riviera™-2/21/2002
4098Joel, From pub 550: irs.gov <I><B>Capital loss carryover.</B&gDan Duchardt-2/21/2002
4097LOL! ooops! 45k it is.Box-By-The-Riviera™-2/21/2002
4096just think, if we could deduct all our capital losses for the past few years, thLarry S.-2/21/2002
4095The question over 150k arose because for most people, 15 times 3k = 45k.Gorak Shep-2/21/2002
4094it's not that complicated really. you're allowed 3k per year cap gains Box-By-The-Riviera™-2/21/2002
4093Joel, <I>essentially yes... 3k per year until it's all gone.. unless Dan Duchardt-2/20/2002
4092essentially yes... 3k per year until it's all gone.. unless of course itBox-By-The-Riviera™-2/20/2002
4091Joel, <I>for 15 years only. then the losses no longer carry.</I> TDan Duchardt-2/20/2002
4090for 15 years only. then the losses no longer carry. which means... make some Box-By-The-Riviera™-2/20/2002
4089Rudy, My amateur's recollection of this is that every year you apply prior Dan Duchardt-2/20/2002
4088A Tax Issue Question... I have capital loss carryover from 1997 return. Can I sRudy-2/20/2002
4087Dan, thanks. If I read it correctly, it only applies to taxpayers in the 15% brLemurHouse-2/18/2002
4086AD, Check these links. ici.org irs.gov look for "Qualified 5-Year Gain&Dan Duchardt-2/18/2002
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