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Re: TRCPA post# 52753

Wednesday, 12/16/2015 10:49:59 AM

Wednesday, December 16, 2015 10:49:59 AM

Post# of 53980
"That's a side argument, not related to tax law.....which is what the conversation was about today."

I beg to differ, and as someone who has been consistently correct about the outcome and trajectory of FASC for around a decade now in the face of some pretty heavy criticism, perhaps I could be cut some slack to at least develop my argument.

My comments arose from me remarking that brokers can be helpful in these circumstances, by helping one to crystallize a loss so that it can be claimed as a write-off.

And crystallizing a tax loss is what the conversation was really about.

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."

Upton Sinclair

"Nobody ever went broke underestimating the intelligence of the American public."

H. L. Mencken

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