Basically correct. You net all of your capital gains and losses and then if you

Sign up, and you can customize which countdowns you see. Sign up

Report problem with this ad

Apr 1, 2014
12:30:24pm

Mikey

Basically correct. You net all of your capital gains and losses and then if you

have an overall loss, you can deduct up to $3k (assuming married filing jointly) against ordinary income.

Report problem with this ad

Mikey

Bio page: Mikey
Joined: Jul 12, 2002
Last login: May 24, 2024
Total posts: 16,558 (958 FO)

Report problem with this ad

Messages

Author

Time

Ok tax accountants I was just informed any stock loss I had can only offset

germ1

4/1/14 12:23pm

That sounds right but I think you can carry over those losses to future years.

KingDave

4/1/14 12:24pm

RE: Ok tax accountants I was just informed any stock loss I had can only offset

BYU71

4/1/14 12:27pm

True (according to my accountant) - I have a big loss as well and I can only

Hoopster

4/1/14 12:28pm

Basically correct. You net all of your capital gains and losses and then if you

Mikey

4/1/14 12:30pm

I will be dead before it used up.

germ1

4/1/14 12:35pm

Assuming it is not "1244 stock" that is correct

dratax

9/22/14 3:00pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad