Replies to post #12413 on AmeriResource Technologies Inc. (fka ARIOQ)

[TRADE-O-PUSS]

...maximum "passive" income offset of 3k per year with deficit carrying over until it's depleted...this was/is my understanding and how I've implemented losses as a tool to reduce my annual gains. So an additional 3k loss can be utilized to offset "active" income? Also, am I correct in assuming these small blocks on tape below .0001 are people letting go of "worthless" shares to accumulate max losses? or is it something else entirely? I understand that non-retail trades take place between below the Mason-Dixon Line, but I'm talking about a few million shares under .0001. TIA

[mondochello]

To make it easier to understand it's .losses written off against gains .short term losses against short term gains and long etc.when you have a year with no gains but a carryover of losses you get to write 3k off of you regular income
That goes on till your at zero gains
But if you have profit of 8 k and losses of 12k you write off the 8 k investment income and carry over 4 k then next year no trades you can write off 3k against ordinary income and carry 1k