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Replies to #509 on Taxes (TAX)

cintrix

03/02/11 1:03 PM

#510 RE: GhostMOMENTUM #509

You won't pay taxes if your losses are more than your gains and you can deduct up to 3k and any additional losses you have for that year can be carried over to write off next year up to 3k:
http://www.irs.gov/newsroom/article/0,,id=106799,00.html