Long term loss deduction

[t...@druhi.uucp]

Under the new proposed tax laws, are long term losses 100% deductable? I read
somewhere that this may be the case. I have some stock I want to sell at
a big loss, and wonder if I should sell it this year (under the current
tax laws) or wait until next.

Thanks in advance,

Tim Larison ihnp4!druhi!tml

[j...@ulysses.uucp]

If you are going to be in the 27% bracket under the new proposal, by all means
wait until next year. There is one kicker, however. Congress still has set a
$3000 limit on the amount of capital losses you can deduct in a given year.