Message Font: Serif | Sans-Serif
No. of Recommendations: 3
If that's confusing, I'm sorry, but your last question is less than clear...

No, actually, that's just what I was getting at. :)

Thanks for the answer and thanks for the link

The fool article on netting gains and losses is out of date and doesn't exactly apply in 2003. I haven't worked through the entire process yet, but what I do know is that you will have to net short and long-term gains and losses pre-May 6 separate from short and long-term gains and losses post-May 5. While your overall includable net loss will still be $3000, there will be lots of worksheets to determine how to apportion pre and post capital gains and carryforwards from past years.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.