Re: Stock Loss Tax Question
- From: "Phil Marti" <prm20871@xxxxxxxxxxx>
- Date: Mon, 11 Feb 2008 09:52:02 GMT
<unejam@xxxxxxxxx> wrote:
Can I write-off a loss if I end up positive overall? In other words,
if I lost 2000 on one stock but made 5000 on another in one year, can
I use the 2000 loss as a write-off against the 5000 even though
overall I made money on the stock market?
Yes. You net all of your gains and losses on Schedule D. If the bottom
line is a loss, you are limited to $3,000 loss carried to line 13 of the
1040. The rest is carried forward to the next year's Schedule D. See the
1040 instructions.
--
Phil Marti
Clarksburg, MD
.
- References:
- Stock Loss Tax Question
- From: Tom
- Re: Stock Loss Tax Question
- From: Arthur Kamlet
- Re: Stock Loss Tax Question
- From: Tom
- Re: Stock Loss Tax Question
- From: Arthur Kamlet
- Re: Stock Loss Tax Question
- From: unejam
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