Capital Losses are reported on Schedule D not Schedule A so he can take the loss without itemizing and wipe out any Capital Gains first then up to $3000 in other income including wages. The rest is carried over. You report investment related expenses on Schedule A, such as a saftey deposit box or subscription to financial papers used for financial investing purposes.He would not be able to claim these without itemizing.Wendy
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M