Thanks so much for that explanation. It doesn't seem quite fair that I can claim that I had a capital losses and gambling losses but not claim a loss for something as highly regulated by the IRS and U.S. Labor Dept and perhaps a few other government agencies especially when it comes to rollovers.
The information and the way you explained it was very beneficial for my brain to comprehend. I guess just like Wall Street thieves, there's not enough eyes to protect citizens from the Bernie Madoff's in the world.
