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I posted here a few months back about taxes and was helped out greatly and i appreciate it. As i continue to read, people here seem to be very restless. Hopefully, I don't get flamed too bad. I recently graduated from a big ten university and I have been working at a very large retailer for 3...

Ok. I did redo my 6781 and schedule D prior to doing that worksheet. what i was doing wrong was first using the max $3000 in line 4, and using the 60/40 split from that which was $1800 and $1200. Then when i re-did it, i used the full $4766 and the 60/40 split from that. I see now that I am...

ok. still when i fill out my worksheet, i'm getting zero. line 4: 4766.36 line 5: 1906.54 line 6: 0 line 7: 4766.36 line 8: 0 line 9: 1093.46 line 10: 0 line 11: 2859.82 line 12: 2859.82 line 13: 0 clearly i have something in the wrong spot...

This all makes sense except one point. When I fill out my 6781 this year and do the split, why will I end up with a L/T loss carryover next year since my current $1766 carryover + my $791.90 loss of 2008 is less than $3000? Next year, I should not have any loss carryover... correct? Again...

so the fact that my loss carryover worksheet says that my carryover is zero, doesn't matter because I do technically have 1766 that are elligible for carryover? the calculations are easy. i just don't understand the point of the loss carryover worksheet.

sorry for the duplicate post, when i posted this last night, it said it didn't go through because my account was in the queue to be authorized.

I tried calling the IRS and I was transferred to 3 different people and even the “complex issues department” had never heard of Form 6781 or the $3000 loss limitation rule. I’m not joking. They told me I need to talk to a “tax professional.” I trade emini futures part time. I have...