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News in Frederick, Maryland

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Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Feb 03, 1922

Page

2

Tax Deduction Rules and Loss Claims in Yearly Returns

The article outlines how taxpayers must attach a full return and statement of fees to requests for consideration by the commissioner. It notes discretionary allowances, exceptions, and strict timing for losses claimed, including prohibitions on wash sales and personal use losses. It also covers securities dispositions and the required specifics for deducting losses on stock and bond holdings.

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