this year? Would a rebate only apply if I owed and paid what rebate was going to be paid out to me?
By this year I mean 2007, a traditional IRA which can be purchased up until the tax filing deadline April 15, 2008!
Without the $10k IRA contribution, my tax burden would have been $1600!
Married filing jointly….obviously

Aren’t they just paper losses? When the market recovers later on, won’t they recover their “paper losses” sometime in the future? I don’t understand this. Can someone please explain it to me. I figure it’s not a loss unless they cashed out of their programs and actually “realized” their losses.

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