The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/lets-say-company-d-is-down-30-from-where-i-12891571.aspx

Subject:  Re: Wash sale rule question and capital losses Date:  7/11/2000  5:17 PM
Author:  rensimer Number:  37370 of 121482

Lets say company D is down 30% from where I bought it. If I sold the shares of company D and put that money immediately into a similar competitor whose shre price is down 27%, am I in danger of running afoul of the wash sale rule?

No

How much of capital losses can I claim against my ordinary income?

Up to $3,000 of ordinary income can be offset by capital losses in excess of capital gains in a tax year; any losses above that must be carried forward to the next year.

WTR
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us