My stock broker started trading my account on margin and incurred significant losses, resulting in a large capital loss carryforward, $400,000. I sued and ending up going to arbitration before the National Association of Security Dealers. I was awarded $550,000. I asked the folks who did my tax return last year, Paynomore Taxes, and they weren't sure how to handle the $550,000 relating to these losses. Can you help?
2007-04-14
08:50:04
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3 answers
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asked by
strawberry2007
1
in
United States