westfield us valuations down thirty five pcent, page-15

austar007, it has to go into capital loss. I tried to claim a loss against my income and the tax adviser said I didn't trade enough to qualify for it. I spoke to someone else who prepares tax returns and he said you had to be a mega big trader, like trade many times a day. I traded a few times a month and he plainly said you can't do it. I guess you could try to prepare your own tax return yourself and do it and see if the ATO accepts it, but none of the tax return specialists would do it for me so it went into capital loss.