Who...other than myself - GoFuckYourself.com

theking · 11-02-2005, 02:55 AM

...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?

AlienQ - BANNED FOR LIFE · 11-02-2005, 02:59 AM

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.

theking · 11-02-2005, 03:15 AM

Quote:

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.

theking · 11-02-2005, 08:13 AM

Anyone else pull your money or are you trying to ride it out?

pawsregd · 11-02-2005, 08:22 AM

Quote:

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

Fred Quimby · 11-02-2005, 08:23 AM

I think you can only write off 2k per year.

I'm still writing shit off from 98

Honeyslut · 11-02-2005, 08:28 AM

Well, I am glad I am taking the house and not part of his retirement..

Sorry about the losses everyone..

11-02-2005, 02:55 AM	#1
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	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...https://gfy.com/fucking-around-and-pr...athfinder.html

11-02-2005, 02:59 AM	#2
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	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. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

11-02-2005, 08:13 AM	#4
theking Nice Kitty Industry Role: Join Date: Sep 2002 Location: The good old USA!!! Posts: 21,053	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...https://gfy.com/fucking-around-and-pr...athfinder.html

11-02-2005, 08:23 AM	#6
Fred Quimby Confirmed User Join Date: Jul 2004 Location: Long Island, NY Posts: 5,430	I think you can only write off 2k per year. I'm still writing shit off from 98 __________________

11-02-2005, 08:28 AM	#7
Honeyslut Confirmed User Industry Role: Join Date: Jan 2001 Location: Ass Valley, Ca Posts: 6,436	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 !