So far this year I am running a net loss; unless the stock market improves pretty dramatically, it will stay that way.
1) Presumably the issue of quarterly estimated tax payments is moot; if I don't have income for the year, there can't be a penalty. Right?2) Can losses be carried forward or backwards?
Couldn't have come at a worse time; I am sitting on a big slug of 2007 taxes to be paid on 4/15/08. I was supposed to make money on the float, not lose money. Oh well.