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Thank you very much... I appreciate your replies. You both were very helpful.

Thanks for the replies. I guess I was paying tax on the interest made without withdrawing any funds. I still am not fully clear whether or not I am able to claim a loss, or if I can only claim a...

I took a loss on my mutual fund investments last year which I liquidated in 2009. The previous years before that I paid tax on the profits as I went. Now that I have more than a 50% loss can I deduct...