As 2004 comes to an end, some savvy tax planning now can pay off next year, when you file
your tax return for this year.
Track your trades. To begin with, go over all of your securities trades so far this year.
Your goal should be to wind up 2004 with a net capital loss of at least $3,000.
Why is this the magic number? Because a net capital loss up to $3,000 can be deducted from
your ordinary income. If you