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crowmjc
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stranger
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Reged: 11/02/03
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Posts: 1
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Losses 2003- Much Bigger Income 2004- Options?
11/02/03 08:59 AM
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Full time Actively traded 03/03 to 10/03...25 trades/day...lost a little on stocks but commission expenses are very large in comparison. Will make much more income next year from new job. Will now be much less active....1 day every 2 weeks.
I want to try to minimize my 2004 income (my and my wife's joint 6 figure income) and even for the next 3 years after that...son going to college...trying to get more aid.
What is the best way to use the losses/commission expenses to lower next year's income....trying to use more than the 3000 if even possible. And how many years can I carry forward these losses...until used up? I could go MTM with the husband/wife partnership if that is your advice but it seems counter to lowering next years income, right?
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