"Dave" wrote in message
...
On Tue, 25 Nov 2008 15:38:10 -0800, "Capt. JG"
said:

If the assets are "taken out" and the taxes are paid, then what becomes of
the reduced assets is a loss.

Why? You haven't sold them. Under your theory, no sale, no loss. And
what's
with this "reduced assets?" You moved $10,000 in assets, let's say, from
your 401K to a taxable account at your broker's, wrote a check from your
checking account at the bank for the taxes on that $10,000, and continued
to
hold the $10,000 in assets in your account at the broker's. No loss,
right?


?? If I had stock that was worth $100K, then, after the drop in stock
market, it would be worth say 1/2 that; however, no actual loss happens
unless I move the reduced assets to another set of instruments. If I do
that, I have built in the loss. If I don't move them, and the stock market
comes back, nothing changes except time. Are you really confused or just
trying to cover yourself?

--
"j" ganz @@
www.sailnow.com