Who...other than myself

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  • theking
    Nice Kitty
    • Sep 2002
    • 21053
    #1

    Who...other than myself

    ...has pulled their money out of the stock market. I have shut down every account and the money is now dispersed in a dozen banks or so. BTW...it is the first time that I have lost a major sum of money in the market.

    Does anyone know if market losses can be used as a write off on Federal Taxes?
    When you're running down my country hoss...you're walking on the fighting side of me!

    FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html
    Tags: None
    • AlienQ - BANNED FOR LIFE
      best designer on GFY
      • Mar 2003
      • 30307
      #2
      Ouch, I pulled down most of my stocks last month.
      I did fairly well but with tax reform occuring and alot of economic wacko shit I said fuckit. Ya might be glad ya took a loss in a few months. Shit is hitting the fan.

        Comment

        • theking
          Nice Kitty
          • Sep 2002
          • 21053
          #3
          Originally posted by AlienQ
          Ouch, I pulled down most of my stocks last month.
          I did fairly well but with tax reform occuring and alot of economic wacko shit I said fuckit. Ya might be glad ya took a loss in a few months. Shit is hitting the fan.
          Well the market has been going to hell for the past two months and though I was checking daily I let it ride until I could not tolerate the "mind boggling for me anyhow) losses I was taking. I used to be invested in Real Estate and its only been within the past couple of years I began to sell off my holdings and put the money in the market. I had a few moderately high risk accounts but the bulk was in "safe" accounts...and when they began to take losses...I said enough is enough.
          When you're running down my country hoss...you're walking on the fighting side of me!

          FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

            Comment

            • theking
              Nice Kitty
              • Sep 2002
              • 21053
              #4
              Anyone else pull your money or are you trying to ride it out?
              When you're running down my country hoss...you're walking on the fighting side of me!

              FOR THE LYING LOWLIFE POSTING AS PATHFINDER...http://gfy.com/fucking-around-and-pr...athfinder.html

                Comment

                • pawsregd
                  Confirmed User
                  • Jun 2005
                  • 2290
                  #5
                  Originally posted by theking
                  Does anyone know if market losses can be used as a write off on Federal Taxes?
                  In Canada we can write them off as a capital loss, not sure about the US

                    Comment

                    • Fred Quimby
                      Confirmed User
                      • Jul 2004
                      • 5430
                      #6
                      I think you can only write off 2k per year.

                      I'm still writing shit off from 98

                        Comment

                        • Honeyslut
                          Confirmed User
                          • Jan 2001
                          • 6436
                          #7
                          Well, I am glad I am taking the house and not part of his retirement..

                          Sorry about the losses everyone..
                          http://nakedlunchnews.comWhat's up ? Naked Lunch News !

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