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Author: theduckstop Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121187  
Subject: Short Term Losses vs Roth Conversion Date: 12/26/2000 4:14 PM
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Hi All:

I am lost in the figures. I have about $50,000 in short term losses net and $7,000 in long term losses, net.

My question is...when I net, net my long term and short term I have a loss. How can I use those losses to cover the tax liability incurred in conversion of $43,000 in Reg Ira funds over to a Roth Ira?

I am thinking that is the best move left to me rather than just carrying forward the remainuing losses into the future.

Appreciate the help.

If confession is good for the soul, let it be known that I tried some day trading after selling one of my businesses. I hit my limit of losses before I lost all the money(I am not completely stupid, just willing to try some riskier ventures) and have come to the conclusion that day trading is best left to the professional traders. They have a BIG edge.
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