When.com Web Search

Search results

  1. Results From The WOW.Com Content Network
  2. How to deduct stock losses from your taxes - AOL

    www.aol.com/finance/deduct-stock-losses-taxes...

    Capital loss carryovers allow you to capture losses from one tax period and use them to offset gains in future years. Net capital losses exceeding $3,000 can be carried forward indefinitely until ...

  3. How To Deduct Stock Losses From Your Tax Bill - AOL

    www.aol.com/deduct-stock-losses-tax-bill...

    Capital Gains vs. Capital Losses. In the simplest terms, if you sell an asset for more than you paid for it, you have a capital gain. If you receive less than you paid for it, you have a capital loss.

  4. This Tax Break Could Be Good News For Your Money - AOL

    www.aol.com/stock-market-losses-tax-break...

    An Example of a Capital Loss Carryover. A hypothetical example can help illustrate how the capital loss carryover rule works. For instance, let's say an investor bought $10,000 worth of stock in ...

  5. How Will Long-Term Capital Losses Affect My Taxes? - AOL

    www.aol.com/finance/capital-losses-lower-income...

    A long-term capital loss refers to money that you lose on investments held for more than 12 months. ... you experience $15,000 of capital gains. Using your carryover losses leaves you with a net ...

  6. Capital loss - Wikipedia

    en.wikipedia.org/wiki/Capital_loss

    The IRS states that "If your capital losses exceed your capital gains, the excess can be deducted on your tax return." [citation needed] Limits on such deductions apply.For individuals, a net loss can be claimed as a tax deduction against ordinary income, up to $3,000 per year ($1,500 in the case of a married individual filing separately).

  7. Cancellation-of-debt income - Wikipedia

    en.wikipedia.org/wiki/Cancellation-of-debt_income

    Passive activity loss and credit carryovers – Any passive activity loss or credit carryover under 26 U.S.C. §469(b) from the taxable year of the discharge; Foreign tax credit carryovers – Any carryover to or from the taxable year of the discharge for purposes of determining the amount of the credit allowable under 26 U.S.C. §27

  8. Do I Have to Report Capital Losses on My Taxes? - AOL

    www.aol.com/capital-losses-lower-income-taxes...

    You can roll those losses forward and apply them to this year, leaving you with a net taxable capital gain of $4,000 (the $5,000 gain this year – the $1,000 total excess losses last year).

  9. 1231 property - Wikipedia

    en.wikipedia.org/wiki/1231_property

    In other words, the loss is treated as a short-term capital loss even if it was originally a long-term capital loss. Section 1231 does not reclassify property as a capital asset. Instead, it allows the taxpayer to treat net gains on 1231 property as capital gains, but to treat net losses on such property as ordinary losses.