The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Capital loss utilization||Date: 12/26/2004 2:01 PM|
|Author: JanSz||Number: 74934 of 124464|
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:
Taking a mortgage on my fully paid of house.
Getting a bigger house using home equity loan .
Buying summer house using mortgage.
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