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Financial Planning / Tax Strategies


Subject:  Re: Selling a stock at a loss for Tax deduction Date:  12/23/2011  1:20 AM
Author:  TMFPMarti Number:  114445 of 127611

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.

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