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Feltin Licter 11-26-2005 12:41 PM

Stocks-Poker-Taxes
 
If I owe taxes on 25K of poker income but have a carry over loss in the stock market of 25K, can these offset ?

Hoping we have a tax guy around [img]/images/graemlins/grin.gif[/img]

Ed Miller 11-26-2005 01:30 PM

Re: Stocks-Poker-Taxes
 
[ QUOTE ]
If I owe taxes on 25K of poker income but have a carry over loss in the stock market of 25K, can these offset ?

[/ QUOTE ]

No.

Uglyowl 11-26-2005 06:46 PM

Re: Stocks-Poker-Taxes
 
No, but the good news is you can use them $3K/year and carry them forward indefinately until they are used up.


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