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Financial Planning / Tax Strategies


Subject:  Capital loss utilization Date:  12/26/2004  12:59 PM
Author:  JanSz Number:  74931 of 127753

There are only 5 trading days left in 2004.
I have just realized that while I have made nice gains YTD
in my 2004 tax return I will have large (150k) short term capital loses.
Thank you Stocks Superstars AAII, selling losers keeping gainers.

Half of my net worth is in 2 traditional IRA's, DW's and mine;
the other half is in taxable account.
64yo, retired, SS, pension no other income
Reside in New Jersey.

40k AGI
Using 2003TurboTax program I am estimating $300 federal tax payment and 1k state tax refund.
Not sure of the tax changes for 2004.

How best to utilize my huge capital loses?
At the 3k /year it will take lifetime to write it off.


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