The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-believe-that-when-this-happens-you-are-still-29741736.aspx

Subject:  Re: Selling a stock at a loss for Tax deduction Date:  12/23/2011  1:20 AM
Author:  TMFPMarti Number:  114445 of 121219

I believe that when this happens you are still allowed to carry forward the capital loss to be used in the future so you haven't lost the offset.

No. I think you're confusing it with the situation where taxable income is so low that some of the loss shown on line 13 of the 1040 isn't needed to get to zero tax.

Phil
Rule Your Retirement Home Fool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us