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From: jld@ulysses.UUCP
Newsgroups: net.invest,net.taxes
Subject: Re: Long term loss deduction
Message-ID: <1329@ulysses.UUCP>
Date: Thu, 17-Jul-86 07:51:21 EDT
Article-I.D.: ulysses.1329
Posted: Thu Jul 17 07:51:21 1986
Date-Received: Fri, 18-Jul-86 01:08:42 EDT
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Xref: utcs net.invest:1581 net.taxes:1166

> Under the new proposed tax laws, are long term losses 100% deductable?  I read
> somewhere that this may be the case.  I have some stock I want to sell at
> a big loss, and wonder if I should sell it this year (under the current
> tax laws) or wait until next.
> 
>                                       Thanks in advance,
> 
>                                       Tim Larison  ihnp4!druhi!tml

If you are going to be in the 27% bracket under the new proposal, by all means
wait until next year.  There is one kicker, however.  Congress still has set a
$3000 limit on the amount of capital losses you can deduct in a given year.