Capital Gains and Losses

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Related Capital Gains and Losses Questions
If i transfer my only stock to another online stock trading
if i transfer my only stock to another online stock trading company, and i do no transaction there, and no dividends either (i will transfer probably after the last dividend date in october anyway), t… read more
bkb1956
bkb1956
Enrolled Agent, Paralegal
15,152 satisfied customers
I have a capital gain of 100,000.00 and sitting on a capital
I have a capital gain of 100,000.00 and sitting on a capital loss of 225,000 from prior years do I have to pay a capital gain or can I use the 225,000 to offset the 100,000 gain? … read more
TaxRobin
TaxRobin
Tax Preparer
Vocational, Technical or Trade School
18,816 satisfied customers
HOW CAN I MINIMIZE MY CAPITAL GAINS TAX WHEN I SELL MY THREE
HOW CAN I MINIMIZE MY CAPITAL GAINS TAX WHEN I SELL MY THREE NEW JERSEY RENTAL PROPERTIES. … read more
Carter McBride
Carter McBride
LLM
3,150 satisfied customers
I understand that I can carry forward previous stock losses
I understand that I can carry forward previous stock losses to offset current capital gains in the stock market. My question is what if I don't want to use all of my losses from previous years to offs… read more
TaxRobin
TaxRobin
Tax Preparer
Vocational, Technical or Trade School
18,816 satisfied customers
I purchased many shares of Sprint stock probably 10 yrs. ago
Hello,I purchased many shares of Sprint stock probably 10 yrs. ago when it was going nuts and held it until 2017 when I finally gave up on any chance on the real value returning...at a pretty hefty lo… read more
Carter McBride
Carter McBride
LLM
3,150 satisfied customers
About two months ago, I asked a question related to figuring
Hi there. About two months ago, I asked a question related to figuring out my tax liability for 2017 in order to do some work and business planning. The big question was that I had sold stock, and I w… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,066 satisfied customers
I have received an AUR notice for missing capital gains in
I have received an AUR notice for missing capital gains in 2015. The IRS estimated a $20,000 capital gain from sale of stock, with a balance of around $8,000. The root issue was due to wash sales that… read more
Brian Michels, CPA
Brian Michels, CPA
Partner, CPA
Bachelors of Business Administration
422 satisfied customers
I have a very large loss of about $500K of coins stolen by
I have a very large loss of about $500K of coins stolen by my X girlfriend this year. I have a police report of the crime. I am thinking of selling a real estate property. is the capital gain from the… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
I have a question about capital loss rollover I basically
I have a question about capital loss rollover I basically lost about $40,000 messing around with penny stocks in an 18 month period. My situation is this... TAX YEAR CAPITAL GAIN/LOSS CLAIMED LOSS on … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
We operated a business at a loss years using all our
We operated a business at a loss for several years using all our retirement funds etc. to keep the business going. Now we have sold the business and are facing a huge capital gains tax which we cannot… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
I have long term capital loss carry over on stock market losses
I have long term capital loss carry over on stock market losses from several years ago and have been taking my $3000 credit every year. I still have well over $100,000 in losses. In 2014, I sold a vac… read more
CGassist.168
CGassist.168
Principal
8,688 satisfied customers
I recently had an MLP purchased by its parent company and exchanged
I recently had an MLP purchased by its parent company and exchanged my shares for stock in the parent company. No shares were sold but I am being told I still have a capital gains tax liability... the… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
A simple question. My son makes a salary of about 60K per
A simple question. My son makes a salary of about 60K per year. He now has about 4k in short term stock losses. If he sells those stocks now (and takes the short term loss) will that offset some of hi… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
Hypothetically, is a $11.842.00 stock loss on a $ 41,000.00
Hypothetically, is a $11.842.00 stock loss on a $ 41,594.00 original long-term investment non- deductible? We received $ 29,000.00 this 11/27/12.… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
Does it ever not make sense to sell a stock for loss in a particular
Does it ever not make sense to sell a stock for loss in a particular tax year? I.E if there are no capital gains to offset the loss?… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
This year I exercised most of my company stock options allocated
This year I exercised most of my company stock options allocated to me by my company on which I have paid good amount of tax when I exercised those options. I am also carrying forward a huge capital l… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
263 satisfied customers
I am co executor and co beneficiary, along with my sister,
I am co executor and co beneficiary, along with my sister, of my late mother's NJ estate. My mother's will left her estate to us 50/50; this included a house and stocks. The stocks were transferred to… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
173 satisfied customers
I have a large amount of capital losses from some bad stock
I have a large amount of capital losses from some bad stock market investments from the past few years. But I no longer have much invested in the stock market. Is there any way to monetize that capita… read more
Bill-the-CPA
Bill-the-CPA
Certified Public Accountant (CPA)
Master's Degree
55 satisfied customers
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R. Klein, EA

R. Klein, EA

Enrolled Agent

263 satisfied customers

Over 20 Years experience in resolving tough tax cases

jgordosea

jgordosea

Enrolled Agent

173 satisfied customers

As an Enrolled Agent you can be ensured of my competence in income tax matters.

PhillipB EA

PhillipB EA

Accountant

130 satisfied customers

Enrolled Agent with 8 years experience in tax return preparation, representation, and taxpayer consultation

Arthur Rubin

Arthur Rubin

Tax Preparer

77 satisfied customers

Over 22 years of tax preparation experience.

Bill-the-CPA

Bill-the-CPA

Certified Public Accountant (CPA)

55 satisfied customers

Seasoned professional with over 15 years in public accounting. Income, sales and property tax. Also accounting/tax software.

FredStevens

FredStevens

Accountant

37 satisfied customers

Experienced in business, accounting and tax planning for individuals, small/medium sized businesses and non-profit organizations

Shane-CPA

Shane-CPA

CPA, PFS, CGMA

11 satisfied customers

Shane Northrop is a Certified Public Accountant, Personal Financial Specialist and a Chartered Global Management Accountant

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