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Posted by Phil Marti on May 14, 2008, 2:21 pm
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"My interest" wrote:
If I had $3000 short-term capital loss and $3000 long term capital
> gain, what will be my net position? (I tried to following schedule
> A&D try to figure out, but got lost.
The problem is you paid too much attention to that alphabet on the wall in
kindergarten. Had you started with Schedule D you'd have seen that this is
all dealt with there, which would mean you'd never have gotten to Schedule
A, which would mean you'd never have gotten confused trying to find
something on Schedule A that isn't there.
Assuming you paid appropriate attention in arithmetic, you'll see that the
bottom line is zero.
--
Phil Marti
Clarksburg, MD
--
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