Accounting ?

Discussion in 'Trading' started by TIMMY57, Nov 27, 2008.

  1. TIMMY57



    I heard I'd be able to do this from one of my friends and I'm wondering if this is true.

    2005---> I made 500,000
    2006---> I made 500,000
    2007---> I made 100,000
    2008 ---> I lost 150,000

    Someone told me that I'd be able to get back 35% of 150,000 because back in 2006 I was in the 35% bracket. Is this true?

  2. Surdo


    Ask your accountant about doing a net operating loss carryback, he might be able to do some juggling and get you a refund, I do not know about 35%.
  3. Boasting