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Old 01-22-2008, 03:55 PM   #21
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Not to be crass, but you could always buy CD's from the bank you own the stock in, and "get back at them"..........

My dad did this in a different way: He bought stock of the local utility company when he started figuring out they raised his bill pretty much every year.

After a number of years, the dividends got to be big enough to pay his utility bill, and he announced to us he had finally "broken even"..........
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Old 01-22-2008, 04:15 PM   #22
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Quote:
Originally Posted by Texas Proud View Post
Hmmm.. so just because you can not deduct it on your tax return it is not a loss

So, if I bought a house for $1 mill.. and today I could not sell it for $500,000... I do not have a loss?

And if I DID sell it for $500,000... well, guess what, I can not deduct it on my taxes either... so I still do not have a loss?

Just trying to clairify...
You sound like Donald Trump..........
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Old 01-22-2008, 05:17 PM   #23
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Quote:
Originally Posted by Texas Proud View Post
Hmmm.. so just because you can not deduct it on your tax return it is not a loss

So, if I bought a house for $1 mill.. and today I could not sell it for $500,000... I do not have a loss?

And if I DID sell it for $500,000... well, guess what, I can not deduct it on my taxes either... so I still do not have a loss?

Just trying to clairify...
It depends.

If you were looking to move, and the house you were eyeing was $1 mill, and now that house is also down to $500,000 - you are right back where you were, right?

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Old 01-22-2008, 11:34 PM   #24
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You haven't lost any money until you sell, so don't sell and just try to adjust your expenses down as much as you can.
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Well, try to deduct it on your taxes then. I'm sure the IRS will empathize with an unrealized loss.
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Hmmm.. so just because you can not deduct it on your tax return it is not a loss
Well, I was going to bring up the old example about brokerage margin loans or selling options, but never mind...
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