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Tax advice on a capital gains loss stock sale…?
May 16th
Looking for a little expert advice here: I own a stock which tanked significantly during the economic downturn. I since kept it because the dividends were still great. But now that the company canceled the dividend and there is no upward potential on the stock price, I figure I should dump it. The capital gains loss would be about $20K. And I got $2K back on my federal taxes for 2009. So I was thinking of reducing my withholding and then writing off the $5K a year (for four years!). What would you do in this situation?
Can I claim a loss on my income tax if a sell a stock at a loss but do not have any capital gains to offset it
May 13th
I have stock that was valued at $3,000 when I purchased it 5 years ago. Now it is worth $0. I sold a condo last year and made a profit. Would it have helped me then? Since I did not sell it, can I write it off as a loss next year?
How long do I have to hold a stock in order to qualify for the lower long term capital gains tax rate?
May 10th
I have a large portfolio of stocks that I bought several months ago and I have huge profits on paper. If I sell now, I will have to pay a 28% cap gains tax on it, so I am wondering how long I should hold these stocks in order to qualify for the much lower long term cap gains tax rate. Thanks for your help.
If I roll some money from stock A to stock B, would I incur capital gains tax?
May 7th
so I have some dogs in my portfolio that I want to sell so I can acquire some better stocks. Will I be taxed inbetween if I sell the bad ones, buy the good ones but never actually receive any money?
Question about stocks and Capital Gains Tax?
May 4th
I have made about $4,000 dollars from selling stocks this summer, I have been using money ive saved over the past 3 years of college to use this summer for just selling stocks. So far this year have an Income of 0 except for the 4000 dollars in profits i made from buying and selling stocks. My account begun with 16,000 and is around 20,000 dollars now. Will have to pay capital gains tax on the full 20,000 or just the 4 thousand in profit i made?
