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Message: Re: Long and ugly- Thamnosma

Oct 07, 2008 10:14AM
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tau
Oct 07, 2008 11:53AM
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Oct 07, 2008 12:08PM
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Oct 07, 2008 12:23PM
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Oct 07, 2008 12:24PM

Oct 07, 2008 01:05PM
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Oct 07, 2008 02:05PM

tau
Oct 07, 2008 03:08PM

tau
Oct 07, 2008 05:57PM

No, sorry, Marlinspike is correct. For regular people, capital losses can only be used to offset capital gains.

You can elect to declare that you are a professional trader, in which case you can commingle all types of income and losses. However, beware - you lose the capital gains rate. Now you pay 100% of the regular tax rate on capital gains, instead of 50%. Very few of us would be happy to take that on.

So if you have big realized (you sold the stock) capital losses, you have to have or wait for gains to be able to use them.

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