As the end of year looms, I'm trying to accept the fact that investment account is only worth of fraction of what it was a year ago. Two worst stocks for me: Fannie Mae (FNM) and Sirius (SIRI). I was in hospital from early September when things really went sour and didn't even want to look at the damage. I'm guessing there is zero possibility that either stock will recover.If I sold off some of these stocks before year's end, I read somewhere that I could claim $3,000 of the loss against ordinary income. Is that correct? There is also something about carrying over additional loss to subsequent years, but probably no real advantage to selling all shares of both now.I usually do my own taxes using Turbotax, would the process be too involved for me to handle this myself in 2009?
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