I trying to help out a guy here... anyone want to chime in? TIA
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Anyone have any ideas as to how to reduce your capital gains for 2009, other than selling all your "big board" loosers (I already sold them all), contribute to tax sheltered accounts (done that to the max), purchase computer equipment for "day trading" as a tax deduction (done that), bought a "smart phone," etc.
I pretty much maxed out everything that I could think of. I even called my "tax person" which was absolutely no help. I do not even know why I pay her -- she is useless.
The only thing I have left is one ROTH IRA that is a looser. Wondering if I can convert that to a Traditional IRA and have some sort of deduction.
Searched Google and all I found was converting traditional to ROTH, but I want it the other way around.
After all of the above, I am still facing a huge tax bill.
Who would of thought you can make more money in BK stocks and pennies rather than the traditional big boards.
I really should go outside and get some exercise.......
