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  1. 2009.03.17 Source: iPhone 3.0 apps to play well with other devices by CEOinIRVINE
  2. 2008.12.24 Play Clean With Wash Sale Rule by CEOinIRVINE
  3. 2008.12.13 Sony (Finally) Lets Us Play In Home by CEOinIRVINE

In a few hours, Apple is for the first time showing off its iPhone 3.0 operating system at an event at its headquarters in Cupertino, Calif. The event, which came up at the last minute, is expected to showcase some major changes to the platform. Today, I’ve heard what one of those change may be.

Apple is likely looking at a way to integrate iPhone and iPod touch apps with other devices, a trusted source tells me. Basically, this means that if you have an app on the iPhone, Apple wants to allow other devices, including those not made by Apple, to be able to access those apps. This would likely occur through the 30-pin dock connecting socket, says my source.

While there are some significant ramifications to such a move short term, in the long term, this still says to me that Apple is looking for a way to move its robust app platform beyond the iPhone and iPod touch, and into several devices.

Being so close to the actual event, I haven’t had the opportunity to corroborate this potential feature, so I’ll leave it as a rumor. But again my source is trusted, and even if this isn’t part of the announcement tomorrow, I’m confident that this will be coming eventually.

For what it’s worth, my source also didn’t believe that a tablet device would be a part of the announcement tomorrow. While they believed that eventually this will be a part of Apple’s plans, they didn’t see the timing as lining up well for tomorrow’s event.

VentureBeat will be at the event tomorrow, covering it live both on the site and in this FriendFeed room.

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Posted by CEOinIRVINE
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You can still book some losses for this year, but be careful not to get them disallowed by the wash sale rule.


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Run, don't walk, into the high yields and safety of municipal bonds. Which ones? Click here for current buys from Marilyn Cohen in Forbes Tax-Advantaged Investor.

Several times in the first half of 2008, it looked like the Federal Reserve and the Treasury just might be able to pull the U.S. economy and financial markets out of the enveloping funk that began to gather in earnest about one year ago as stocks topped out. As we now know, the pain was just beginning and stocks went on a big slide; the Dow Jones Industrial Average now has a virtual lock on finishing 2008 with one of its five worst annual percentage losses in the history of the index, nestled among Depression-era years and the horrendous Panic of 1907.

Add to the steep slide in the overall market a far more precipitous crash in all things related to commodities and emerging markets and you could be forgiven for getting caught still holding a few losers in your portfolio this time of year--maybe a copper stock, a few Chinese stocks, an oil company or fertilizer maker, or perhaps mutual funds or exchange-traded funds that hold some of these hot investments gone cold. You may have had a massive capital gains distribution this month, or are about to have one, and you'd like to reduce your tax liability.

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Now it's time to counter that pain you've felt as an investor with at least a bit of relief as a taxpayer.

Selling out of losing investments inside of a taxable account allows you to realize both short-term and long-term capital losses, which you can use to offset gains for tax purposes. If your losses exceed your realized gains, you can deduct up to $3,000 from ordinary income for the tax year when you booked the loss--and carry forward anything above $3,000 until you die.

But if you want to make sure your losses do some good for you this year, you need to pay attention to something called the "wash sale rule," which disallows a realized loss if you purchase the same, or "substantially identical securities," 30 days before or 30 days after the day you booked the loss.

It is not the end of the world to have a wash sale disallowed: The IRS simply adds back the amount of the disallowed loss to your original basis, in effect lowering your tax burden in whatever year you properly dispose of the investment.

If you were counting on that loss to offset gains you made this year, however, you need to make sure to play by the rules. Section 1091 of the Internal Revenue Code details the wash rule and the IRS lays it all out in Publication 550, available on its Web site.

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Posted by CEOinIRVINE
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PlayStation Home,Sony’s PS3-based virtual world is finally live.

The free service lets gamers plug into the PlayStation Network and create avatars, living spaces and socialize. Of course, there are casual games like bowling to play, movie trailers (and eventually original series or full-length shows) to watch, and brands like Red Bull and Diesel to buy things from.

Gamers can buy clothing and accessories for their avatars and customize their “homes” with themes from their favorite games.

If Home is able to keep PS3 owners engaged beyond the initial stages of curiosity, analysts say its virtual goods sales could add millions of dollars to Sony (nyse: SNE - news - people )’s bottom line.

The open beta was announced via the PlayStation Blog today and has received tons of coverage.

nd for good reason. The long-delayed world (which was first demoed back in early 2007) has been one of the key features Sony has dangled as a reason for gamers to stick with the PS3 despite its relatively thin roster of blockbuster titles.

Too bad Microsoft (nasdaq: MSFT - news - people ) beat Sony to the (virtual) punch when it launched the new Xbox Live Experience in November—complete with customizable avatars, social features and content partnerships with Netflix (nasdaq: NFLX - news - people ) and NBCU, among others.





Posted by CEOinIRVINE
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