The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Stock Market Losses - $3000/yr||Date: 5/20/2013 10:52 PM|
|Author: TMFPMarti||Number: 118621 of 120809|
Is there anything else better than simply deducting a mere $3000 a year?
Not unless you're a "trader" (term of art) who has made a mark to market election. I think this is what Peter was alluding to in his response. You can read about it in Publication 550.
Like Peter said, probably not a good idea, and definitely not to be done without first consulting with your own tax advisor.
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