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http://boards.fool.com/or-tell-my-employer-about-the-loss-so-he-does-the-15581398.aspx
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| Subject: Re: tax question | Date: 8/17/2001 1:52 AM | |
| Author: acm4tax | Number: 53416 of 118626 | |
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Or tell my employer about the loss so he does the necessary tax adjustments ?" Unles your employer is also your tax advisor, he won't have a clue how to adjust your withholding. But you could figure out the tax advantage of reporting a loss, for example, $3000 x 15% tax bracket is $450.00/ remaining number of paychecks for the year = the amount your withholding can be adjusted for the balance of the year. If you'll be in the 27% bracket, $3k x 27% = $810. Continure as above. Best wishes. |
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