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followinsnsr

08/23/08 11:52 AM

#107433 RE: holter #107430

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.

heydude

08/23/08 1:00 PM

#107434 RE: holter #107430

I thought I was doing bad. My loss is at $45000 on paper,but your loss is mindboggling. I hope it is on paper too so we might have a chance to recoup. Godspeed.