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Re: YankeeAce post# 4926

Friday, 08/05/2005 4:45:43 PM

Friday, August 05, 2005 4:45:43 PM

Post# of 92056
Yankee, forgive me for butting in. I just took my Gainskeeper statement to my accountant, and I can take a sum total of $3,000 deduction for losses every year, even if I show a gain, untill the loss I incurred is payed off, in total. It doesn't matter how many years it takes. I believe if you did not claim a loss for the first few years that it occured, you can still take it a year at a time, I don't know if you can take the total unclaimed years all at once. But those unclaimed years are not just wipped away because you didn't claim them. Forgive if I have offered unasked for advice. Best of luck to you YankeeAce.