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kagey1

08/25/10 11:22 AM

#89386 RE: Akec #89384

Losses can also be used to offset up to $3000 of ordinary income and any losses beyond that can be carried forward into the next tax year. I just let Turbo Tax figure it all out for me since I'm too lazy to do all the calculations myself.
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daggfish

08/25/10 11:40 AM

#89387 RE: Akec #89384

yep and dont forget commission fees...