Quote:
Originally Posted by Iphinome
In the US you can deduct losses I'm afraid local tax laws are the only ones i have any familiarity with but be that as it may do you understand my point about taxing unearned income?
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I do understand that point.
It seems I am also incorrect in my comment about not being able to claim losses ....
or at least partly incorrect - though in order to make up for losses, they have to be offset against the gains...