The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Long-term loss vs. short-term gain? Date:  11/5/2003  5:27 PM
Author:  IrishSpy Number:  67443 of 127616

Hi all,

I'm considering selling some shares of a company that has done very well for me short-term (I bought it less than a year ago.). Thus, I'll owe short-term cap-gains tax on it. However, in 2003 I also sold shares I had held for more than a year from another company at a loss. As I unerstand it, this counts as a long-term cap loss. Can the loss be used to offset the gain? Also, if there are losses in 2002 that were not claimed then, can those also be used to offset the short-term cap-gains tax in 2003?

thanks for any advice,
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us