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Financial Planning / Tax Strategies


Subject:  Re: Managing Year-End Capital Losses Date:  12/17/2001  10:49 PM
Author:  Lokicious Number:  56093 of 127753


I wouldn't say there's no reason to take a carry-over capital loss: you can still get the difference between your marginal rate and long term capital gains rate on $3000/year. It's just when you factor in the lower cost basis on which you will eventually have to pay capital gains, the advantages of the tax loss are a lot less than most people think, especially if you're not talking about something (like an index fund) that you may hold onto for many, many years before paying Uncle Sam back.
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