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NOBO

12/21/09 10:31 AM

#98396 RE: theskeemer #98394

Kinda like gambling gains--where losses cant exceed gains--at least they let you go negative 3k/year for cap gains losses LOL
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theskeemer

12/21/09 10:34 AM

#98403 RE: theskeemer #98394

If you are holding on to a stock and wanting to sell if for a loss this year for tax purposes...make sure you don't sell more than a $3k loss because that is all that the IRS will let you write off...you can hold losses and use them next year if you max out this year but IMO it is better not to sell until you have to.