rockrock
10-13-2005, 01:14 PM
If I want to tax harvest my investment account (short term losses) how much can I deduct from long term gains?
In other words if i want to sell long term winners can I offset that against short term losers?
I read somewhere about only being able to deduct 3k against income but that doesn't seem like much - how do day traders handle their taxes?
Must a be a nightmare.
Any help or insight appreciated.
In other words if i want to sell long term winners can I offset that against short term losers?
I read somewhere about only being able to deduct 3k against income but that doesn't seem like much - how do day traders handle their taxes?
Must a be a nightmare.
Any help or insight appreciated.