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Old 11-26-2005, 12:41 PM
Feltin Licter Feltin Licter is offline
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Default 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]
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  #2  
Old 11-26-2005, 01:30 PM
Ed Miller Ed Miller is offline
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Default 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.
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  #3  
Old 11-26-2005, 06:46 PM
Uglyowl Uglyowl is offline
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Default 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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