Fannie Mae (FNMA)

[contrarian bull]

I remember that morning like it was yesterday. I don't understand offset salary?

The IRS treated stock capital gains/losses the same as a salary / pay check. I had losses equal to about 3 years of the salary my employer paid me, so for those years my adjusted income was zero after applying those 2001/2002 losses.

The hard part was getting my employer's payroll department to stop deducting taxes from my pay checks... but did manage to accomplish that which helped cash flow.