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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Dec 20, 1963
Page
9
The broker is correct that capital losses from selling assets at a loss can offset capital gains in the same year. If losses exceed gains, up to 1000 dollars can offset ordinary income each year, with the excess carried forward as a short term loss for future years, up to five years. Banks may charge additional handling fees beyond broker commissions for executing trades.
Bridge expert Alfred Sheinwold analyzes a deal where East misled the defense by returning the wrong heart. The article outlines why the correct return is the nine of hearts and how the defense can force out dummy and set up heart tricks, impacting the final contract.
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