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IRS Reminds Taxpayers They Can Use Stock Losses to Reduce Taxes
This press release from the Internal Revenue Service (IRS) reminds taxpayers that "they may be able to use their losses in the stock market to reduce their tax burden." Generally, realized capital losses are first offset against realized capital gains. ... Losses in excess of [the annual] limit can be carried forward to later years." Includes links to related IRS publications.
http://www.irs.gov/newsroom/article/0,,id=103509,00.html
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