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I suppose you mean this FAQ:

http://www.fool.com/school/taxes/2000/taxes000107.htm

(Took me a few minutes to find it. I think things are not particularly easy to find on the Fool site but that's another gripe, and I don't like to gripe much.)

Actually I did read this article back in Oct/November and I think it can be made clearer by using the terminology in my original post: ALL CAPITAL GAINS CAN BE OFFSET BY ALL CAPITAL LOSSES IN A YEAR. THERE IS NO 3,000 MAXIMUM RULE HERE. EXAMPLE: A MILLI0N DOLLARS IN GAINS CAN BE OFFSET BE A MILLION DOLLARS IN LOSSES. NO TAXES.

They jump right into an exmplae using numbers smaller than 3,000 and then confuse the issue by talking about the $3,000 dollar rule (which is good to mention but they should make it more clear).

I have a new question along these lines. Can you carry forward Capital Losses to offset future Capital Gains (not just $3,000 of oddinary income).

Thanks for listening.

Brett Husted
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