Mark to Market election

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated) 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date Mark to Market election Pats Fan 03-20-2009  Re: Mark to Market election Andrea Brown 03-21-2009  Re: Mark to Market election Andrea Brown 03-21-2009  Re: Mark to Market election Andrea Brown 03-21-2009  Re: Mark to Market election removeps-groups@yahoo.com 03-23-2009
Posted by Pats Fan on March 20, 2009, 12:22 pm Please log in for more thread options Situation: T/P makes an election by 4/15/09 for MTM. He has net $50k in losses, but can only use $3k this year. Can he use the entire carryover $47k next year? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Andrea Brown on March 21, 2009, 12:33 am Please log in for more thread options > Situation: > T/P makes an election by 4/15/09 for MTM. He has net $50k in losses, > but can only use $3k this year. Can he use the entire carryover $47k > next year? Not unless he has at least $44k of capital gains next year. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Andrea Brown on March 21, 2009, 1:23 pm Please log in for more thread options > > > Situation: > > T/P makes an election by 4/15/09 for MTM. He has net $50k in losses, > > but can only use $3k this year. Can he use the entire carryover $47k > > next year? > > Not unless he has at least $44k of capital gains next year. > > That will teach me to leave my wife's computer alone. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Andrea Brown on March 21, 2009, 2:39 pm Please log in for more thread options Ok. Now I'm really confused. (Is that better than stupid?) The from line above this posting window says, "Bill Brown previous post (the one about using, or misusing, my wife's computer). But, that post (and the one before it) purports to have been made by an "Andrea Brown" which is my wife's name. My wife was using my computer yesterday. What did she do to my google account? Bill Brown -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by removeps-groups@yahoo.com on March 23, 2009, 12:11 am Please log in for more thread options > Ok. Now I'm really confused. (Is that better than stupid?) > The from line above this posting window says, "Bill Brown > previous post (the one about using, or misusing, my wife's computer). > But, that post (and the one before it) purports to have been made by > an "Andrea Brown" which is my wife's name. My wife was using my > computer yesterday. What did she do to my google account? Dear moderator, this post is off topic for tax issues. Bill, you might have to click the sign out button and sign in as yourself. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Mark-to-Market question June 3, 2007, 10:29 pm Re: Mark-to-Market question June 6, 2007, 4:39 pm Re: Mark-to-Market question June 8, 2007, 1:22 pm Re: Mark-to-Market question June 12, 2007, 1:06 am Mark to market software? September 12, 2007, 10:05 pm 83(b) election May 20, 2008, 5:16 pm LLC Tax election February 19, 2009, 7:36 pm Late S election November 14, 2006, 8:28 pm Partnership and 754 election... March 5, 2008, 12:08 pm Need help with Trust Tax ID and section 645 election. January 11, 2008, 9:29 pm