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UNDAUNTED

05/23/13 7:38 AM

#34701 RE: IL Padrino #34677

What is means is if you make $100,000 then lose $120,000 the most you cam offset (in any one year) is $103,000.

But you carryforward the additional $17,000 loss to offset in future years.
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Steel Penny

05/28/13 3:18 PM

#41508 RE: IL Padrino #34677

IL PADRINO - you are correct.