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Hello,

We have a situation where my 17 year old son has stock losses (we won't go into our foolish investments) which we would like to take the most advantage of in future years. Hopefully we will at some point have gains to offset. The problem I see right now is that he has no taxable income. I would like to carry the losses forward - but not this year but in future years when we can actually reduce the taxable income. Any ideas?

One other note. Last year I began filing separate income tax forms for my son so that his gains would not be added to mine. I don't know if it is possible to file his with mine again due to age etc. But in this case, at least his losses would be comming off of actual income.

Thanks, Bill
charniw@diebold.com
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