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From: good@fortune.UUCP (Roy Good)
Newsgroups: net.taxes
Subject: Re: Capital Losses Deductible?
Message-ID: <107@fortune.UUCP>
Date: Sat, 4-Oct-86 20:58:56 EDT
Article-I.D.: fortune.107
Posted: Sat Oct  4 20:58:56 1986
Date-Received: Tue, 7-Oct-86 19:51:28 EDT
References: <16500005@uiucdcsp>
Reply-To: good@fortune.UUCP (Roy good)
Organization: Fortune Systems, Belmont, CA
Lines: 6
Keywords: Capital loss (long term)
Summary: Cap.Loss carry fwd too?

In addition to the effect of a capital loss in 1987, what about the
status of a 'capital loss carryover' from 1986 to 1987, due to 1986's
capital loss exceeding the maximum allowed? Will this be (a) taxed as
Ordinary Outcome [:)] and offset against income (b) treated as a special
item and offset at a lower tax level, as at present (c) written off
forever as a lesson to us all?