Home › Forums › Financial Markets/Economics › Stocks losses and gains and tax
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jimmyle.
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September 4, 2009 at 7:10 AM #16300September 4, 2009 at 8:58 AM #452852
DataAgent
ParticipantYes. If you’re using Turbotax, the software will handle this offset for you automatically.
September 4, 2009 at 8:58 AM #453460DataAgent
ParticipantYes. If you’re using Turbotax, the software will handle this offset for you automatically.
September 4, 2009 at 8:58 AM #453387DataAgent
ParticipantYes. If you’re using Turbotax, the software will handle this offset for you automatically.
September 4, 2009 at 8:58 AM #453652DataAgent
ParticipantYes. If you’re using Turbotax, the software will handle this offset for you automatically.
September 4, 2009 at 8:58 AM #453050DataAgent
ParticipantYes. If you’re using Turbotax, the software will handle this offset for you automatically.
September 4, 2009 at 9:08 AM #453064temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
September 4, 2009 at 9:08 AM #453667temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
September 4, 2009 at 9:08 AM #452867temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
September 4, 2009 at 9:08 AM #453402temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
September 4, 2009 at 9:08 AM #453475temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
September 4, 2009 at 9:15 AM #453074jimmyle
ParticipantYes, I use Turbo Tax. Thanks.
September 4, 2009 at 9:15 AM #453677jimmyle
ParticipantYes, I use Turbo Tax. Thanks.
September 4, 2009 at 9:15 AM #452877jimmyle
ParticipantYes, I use Turbo Tax. Thanks.
September 4, 2009 at 9:15 AM #453485jimmyle
ParticipantYes, I use Turbo Tax. Thanks.
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