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-29741889.aspx
Subject: Re: Selling a stock at a loss for Tax deduction	Date: 12/23/2011 7:47 AM
Author: wrjohnston91283	Number: 114446 of 118626
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. I agree with Phil, I think you misunderstood and are confusing scenarios. In my situation, I have a capital loss in 2011 of $4,000. I also have a gain of $10,000. So my net gain is $6,000. However, I'm in tge 15% bracket, so my gains are taxed at 0%. I would not have paid any tax on the gain of $10,000, with or without the $4,000 loss. On the plus side, I realized this while we are still in 2011 and I can sell some more appreciated stock since I still have some room in my bracket.
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us