Homestead mailing list

[bob ford <bobford79 AT yahoo.com>]

I don't understand what you are saying gene.  A lot of people have capital 
gains.  I do practically every year.  As bad as the market is, I will have 
net capital gains to report this year. 

 You can only offset the gains with losses if you sell the losers and have 
more sold losers than sold winners.  You can not base you investmenbt 
practices, solely based on tax consequences......bobford


--- On Thu, 10/16/08, Gene GeRue <genegerue AT ruralize.com> wrote:

> From: Gene GeRue <genegerue AT ruralize.com>
> Subject: Re: [Homestead] Scary as h*ll
> To: bobford79 AT yahoo.com, homestead AT lists.ibiblio.org
> Date: Thursday, October 16, 2008, 6:21 AM
> On Oct 16, 2008, at 4:45 AM, bob ford wrote:
> 
> > But , as far as capital gains, Obama & the other
> dems have all said  
> > they would raise the tax rate significantly ,  The 15%
> long term  
> > capital gains rate was the jewel of the Bush tax cuts,
> which Obama &  
> > dems have vowed to repeal.  So, I am a bit confused 
> .....bobford
> 
> Capital gains taxes tax capital gains, Bob. If anyone
> expects to have  
> capital gains, we should rush to them for advice.
> 
> We should be so lucky to have such a tax issue.