ashby@uiucdcsp.cs.uiuc.edu (09/28/86)
I understand that capital gains (on stocks, eg) will be taxable as regular income under the new tax plan. But how about capital losses? Are they still deductible, and if so, how much? Thanks.
good@fortune.UUCP (Roy Good) (10/05/86)
In addition to the effect of a capital loss in 1987, what about the status of a 'capital loss carryover' from 1986 to 1987, due to 1986's capital loss exceeding the maximum allowed? Will this be (a) taxed as Ordinary Outcome [:)] and offset against income (b) treated as a special item and offset at a lower tax level, as at present (c) written off forever as a lesson to us all?