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Financial Planning / Tax Strategies


Subject:  Matching Gains to Losses Date:  4/9/1999  2:05 PM
Author:  vkmath Number:  14183 of 127640

I have LT gains, ST Gains, ST Losses and a loss carry foward from the previous tax year as listed below:

LT Gains: $14,000
ST Gains: $ 1,200
ST Loss: $ 4,000
Tax Loss carry foward: $4,100

How do I net my losses against the two different types of gains? How is the carry foward applied and can it all be used this year? Thank you.

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