The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Capital loss utilization Date:  12/26/2004  2:01 PM
Author:  JanSz Number:  74934 of 124765

If you are talking about a net $150K loss, you may indeed never use it up. The good news is that for the foreseeable future you'll owe no tax when you sell winners.
Indeed, this is my situation now.

Some people think it's wise to sell winner/keepers and rebuy them, thus using up some of the loss. To me it doesn't make sense.
I am of the same opinion.

I was hoping that I am overlooking something in:

IRA distribution
IRA-RothIRA conversion
Taking a mortgage on my fully paid of house.
Getting a bigger house using home equity loan .
Buying summer house using mortgage.


Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us