Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi,

Is there a limit in one year as to how much loss from investments (stocks, mutal funds) you can claim? If so, what happens to the remainder - does it carry over to next year?

Thanks,
Mike
Print the post Back To Top
No. of Recommendations: 0
Hi,

Is there a limit in one year as to how much loss from investments (stocks, mutal funds) you can claim? If so, what happens to the remainder - does it carry over to next year?

Thanks,
Mike


Yes, up to $3000/yr Capital Losses offset income.

Yes, you keep track of it & the rest carries forward.


FYI, the issue has been discussed in several threads within the last few days
Print the post Back To Top
No. of Recommendations: 3
FYI, the issue has been discussed in several threads within the last few days

It's weird, almost as if a bunch of people lost money in the market this year....

(ducking and running)
Print the post Back To Top
No. of Recommendations: 5
Is there a limit in one year as to how much loss from investments (stocks, mutal funds) you can claim?

First you net capital gains and losses, so there's no limit to the amount of gains that can be offset by losses. After that the limit is $3,000 that can be applied to other income.

See Schedule D of the 1040.

Phil
Print the post Back To Top
No. of Recommendations: 0
...FYI, the issue has been discussed in several threads within the last few days

It's weird, almost as if a bunch of people lost money in the market this year....


One of the things that I have been wondering for the last few days is how much selling to take the tax losses has helped the market go down.

Greg
Print the post Back To Top
Advertisement