you may write off up to a $3,000.00 per year capital loss, except if you had a capital gain of another asset, then you may write off your CMKX investment (LOL this POS) up to the amount of your capital gain.
In other words for those of you from Arkansas and Mississippi,
if you had a capital gain of $20,000, you may write off up to $20,000 of your CMKX investment (or up to the amount of your cmkx investment)
if you had a $0.00 capital gain, then you may only write off $3,000.oo of your cmkx investment, BUT, you can do this every year until you have written ALL of your CMKX investment off.
I get sick every time I type CMKX investment.
Urban needs prison time soooooo badly.
We can take care of Carolyn while he is in the pokey.
