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Re: holter post# 107430

Saturday, 08/23/2008 11:52:48 AM

Saturday, August 23, 2008 11:52:48 AM

Post# of 157299
holter, if you have that much in losses you have to remember:
If your capital losses exceed your capital gains, the excess is subtracted from other income on your tax return, up to an annual limit of $3,000 ($1,500 if you are married filing separately).
Don't be afraid of buying the same amount sold back at a lower price even if you have a wash sale, it lowers your dollar cost average and adds money in your account.

"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."

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