Yes, but sad thing, is retail investors can only write off up to $3,000.00 annually on any stock loss so it is not worth anything IMO.
And with 2013 and Obama's new taxes on everyone (plus more negatives), it will bode badly for everything in this country including the equities markets and many millions of US businesses overall. Obama already got my small business last year and we were placed into 38.33% bracket which makes no sense! Just last week, another small biz owner I know in PA had a card left from IRS Agent at his door too after he spent about $40,000.00 to build another pole barn facility on his property. When they contacted IRS about this, they said they wanted to talk to him due to some lapse in a monthly tax filing form they found. HHHmmm? Never heard of IRS Agent going to anyone's door over a form filing lapse- they usually sent a notice.
"I suspect a new backdoor tactic by IRS to do lifestyle audits which were supposedly outlawed years ago"...???
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