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11/02/04 12:40 AM

#18649 RE: stakddek #18648

stakddek...Actually, I believe that in calculating your losses you must first determine your net short term gains/losses AND your net long term gains/losses separately. You would then offset the net long term against net short term to determine the type of gain/loss to claim for the current tax year.

My understanding at least...

Later,
W2P