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Seems to me that anyone but an idiot would write off losses if the tax code allowed it. I wrote off losses in the market when it crashed and carried them forward for years (due to the $3K limit per year) and write off mortgage interest every year...as well as rental property losses. I would much rather always have huge gains and pay a crap load of taxes...but, no one is perfect.
Bigger losses, bigger write-offs.
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Some are born free. Some have freedom thrust upon them. Others simply surrender
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