Home › Forums › Financial Markets/Economics › Stocks losses and gains and tax
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jimmyle.
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September 4, 2009 at 12:11 PM #453821September 4, 2009 at 9:07 PM #453398
LarryTheRenter
ParticipantCan a realized loss on stocks offset a realized gain on real estate and vice a versa?? (i think the answer is yes, but am not sure)…I could ask my accountant but he would charge me!
September 4, 2009 at 9:07 PM #454000ParticipantCan a realized loss on stocks offset a realized gain on real estate and vice a versa?? (i think the answer is yes, but am not sure)…I could ask my accountant but he would charge me!
September 4, 2009 at 9:07 PM #453205ParticipantCan a realized loss on stocks offset a realized gain on real estate and vice a versa?? (i think the answer is yes, but am not sure)…I could ask my accountant but he would charge me!
September 4, 2009 at 9:07 PM #453738ParticipantCan a realized loss on stocks offset a realized gain on real estate and vice a versa?? (i think the answer is yes, but am not sure)…I could ask my accountant but he would charge me!
September 4, 2009 at 9:07 PM #453810ParticipantCan a realized loss on stocks offset a realized gain on real estate and vice a versa?? (i think the answer is yes, but am not sure)…I could ask my accountant but he would charge me!
September 4, 2009 at 10:18 PM #453418temeculaguy
Participant[quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.
September 4, 2009 at 10:18 PM #454021Participant[quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.
September 4, 2009 at 10:18 PM #453830Participant[quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.
September 4, 2009 at 10:18 PM #453757Participant[quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.
September 4, 2009 at 10:18 PM #453225Participant[quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.
September 5, 2009 at 12:04 AM #453782jimmyle
ParticipantYeah, I got lucky. I wasn’t thinking about tax issue until I found out the max loss I could declare is $3000. Your strategy is very smart. I will keep it in mind from now on.
[quote=temeculaguy][quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.[/quote]
September 5, 2009 at 12:04 AM #453855ParticipantYeah, I got lucky. I wasn’t thinking about tax issue until I found out the max loss I could declare is $3000. Your strategy is very smart. I will keep it in mind from now on.
[quote=temeculaguy][quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.[/quote]
September 5, 2009 at 12:04 AM #453249ParticipantYeah, I got lucky. I wasn’t thinking about tax issue until I found out the max loss I could declare is $3000. Your strategy is very smart. I will keep it in mind from now on.
[quote=temeculaguy][quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.[/quote]
September 5, 2009 at 12:04 AM #453443ParticipantYeah, I got lucky. I wasn’t thinking about tax issue until I found out the max loss I could declare is $3000. Your strategy is very smart. I will keep it in mind from now on.
[quote=temeculaguy][quote=jimmyle]yes, i sold my stocks in 2008 after owning them for more than one year and lost $12K. Then I bought some stocks in June and just sold them for a $10K profit hence short term gain.[/quote]
Well jimmy, fsd has the answer, even before you clarified, he’s a smartie. Now that you know the trick, use the strategy and avoid selling into a loss greater than 3k unless you have a winner to offset it. There was no way to know you were going to hit a 10k winner so in hindsight, you should have spread that 12k loser over 4 years unless you had a gain and after a gain, then lose the matching amount. You got lucky this time, next time, you wont need as much luck, you can make your own. Who say’s math isn’t fun.[/quote]
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