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I have a question concearning tax liability. Lets say I was to profit $5,000 and lose $5000 throughout 2005 Would I be taxed on the overall profits or would it just be a wash. Basicly what I am getting at is if I have winners and losers through the year when do I need to be concearned with putting back for tax time. Will my loses offset my gains? any help would be great.
Posts: 14 | From: lancaster.pa | Registered: Jan 2005  |  IP: Logged | Report this post to a Moderator
Bob Frey
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Ask your tax advisor but they should wash.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
Machiavelli
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you can check on www.fairmark.com .....

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Ernesto "Che" Guevara de la Serna
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