On4 Communications Inc (ONCI)

[jrf30]

"Itemized deductions are gone in the new tax plan. So no you can't claim the 3k anymore. "

Taking losses on capital gains has NOTHING to do with itemized deductions. What are you talking about??

Losses are on schedule D, and itemized deductions are on schedule A. One is before arriving at Adjusted gross income, and the other is the deductions from that AGI.

Ahhhhhhh ... I get it. Saying that there will be no more loss claims allowed is to get people to sell in 2017, in case they don't get to claim the loss in 2018. It is a way to make people sell if they don't think it through. Very clever.

No though - schedule D is not under attack. Losses are still allowed.