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glenngroove

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glenngroove

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Saturday, 06/21/2014 10:11:35 AM

Saturday, June 21, 2014 10:11:35 AM

Post# of 380516
Quick tax question for anyone on the board. I have stock losses of $50,000 reported to the IRS over the past ten years. I have used little of it as a right off against earnings because I haven't had much earnings. If I was to say make a $50,000 profit from my shares in NTEK could I get out of paying Federal taxes as a result of my former losses or can I only write off $3000 in gains per year? Thanks
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