The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Stock Market Losses - $3000/yr Date:  5/20/2013  11:55 PM
Author:  TMFPMarti Number:  118623 of 127753

I understand from the above that if I loose 9K in 2009 and have no gains, I can only write off 3K. But in 2010 - if I gain 10K, I can balance 6K of the outstanding looses from 2009 against the 10K and only pay on 4K of net gain ?

Is this correct ?

Yep, that's how it works. If you look at Schedule D you'll see that any carryover from the prior year becomes part of this year's reconciliation.

Rule Your Retirement Home Fool
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us