Losses from 08 write off

Discussion in 'Professional Trading' started by kxvid, Feb 4, 2009.

  1. kxvid


    Ok I had losses 08, just over 4k. Now do I have to file some kind of form to the irs to let them know so I pay 4k less taxes this year if I have profits? Or don't I?=
  2. Surdo


    File an IRS schedule D, and you get to "deduct" a max of 3K of your loss from regular income, which will save you $450 guessing your tax bracket!

    You can eFile for free.