Capital Gains and Losses

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Related Capital Gains and Losses Questions
I have stock dividend income,+ an LT gain, A ST huge loss
I have stock dividend income,+ an LT gain, A ST huge loss for a net overall loss. The dividend income is less than the margin interest. 1 ) Can I deduct the margin interest from dividend income for MA… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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If i sell a stock now, and realize a term loss, (and i do
if i sell a stock now, and realize a long term loss, (and i do not have other capital gain or loss), does this reduce my overall income and makes me net operating loss if the negative amount from this… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
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Many years ago (15?) I lost about 40K in stock trades. Soon
Many years ago (15?) I lost about 40K in stock trades. Soon after my income shifted and I had no capital gains to offset this loss. The carryover helped at times, but last filing (2016) I still had mo… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,186 satisfied customers
In 2007 I owned and began renting a townhouse. Every year
In 2007 I owned and began renting a townhouse. Every year resulted in a loss which I was not able to claim because the combined incomes of my wife and I were too high. I claimed depreciation in each y… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,620 satisfied customers
My brother owns a rental property owned by a trust; he is
Hi. My brother owns a rental property owned by a trust; he is the sole trustee. He has owned it 3 years. We are going to re-name the trustee to my name and I will become the sole trustee. I am going t… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
77 satisfied customers
I sold a condo on 12/30/2016 for $156,383. I purchased the
I sold a condo on 12/30/2016 for $156,383. I purchased the condo for $173,000 in 1997. Can I deduct a capital loss in 2016?… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,186 satisfied customers
Capital Gains Assuming a taxpayer has no other capital
Capital GainsHello,Assuming a taxpayer has no other capital gains/losses, taxpayer sells a rental property or a piece of real estate held for investment at a loss. Will the taxpayer be able to claim t… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
If we sell a home that we have been renting for less than
If we sell a home that we have been renting for less than the original purchase, is that considered a capital gains loss? And can we offset the loss against other capital gains and roll the excess for… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
I have a rental house which has lost money each of the last
I have a rental house which has lost money each of the last 5 years after considering depreciation and other expenses. These losses have been documented with the IRS. I would say the losses are about … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,186 satisfied customers
In 2014, I had a net short term capital loss of approx.
In 2014, I had a net short term capital loss of approx. $54,000, line 7 of my schedule D. In 2015 I had did not buy nor sell any stocks and had no gains nor losses. Can I still carryover my loss and c… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,561 satisfied customers
Here is a scenario. I have earned income. gains/losses, I
Here is a scenario. I have earned income. For capital gains/losses, I have a short term capital loss from a stock sale. Can I take the allowed portion of the loss (I think max $3000) toward my earned … read more
Tax.appeal.168
Tax.appeal.168
Principal
6,561 satisfied customers
I plan to sell a rental and have long term income property
I plan to sell a rental and have long term income property gains. I also have short term stock losses. Can I offset the LT gains with the ST losses? When I file… read more
Arthur Rubin
Arthur Rubin
Tax Preparer
Doctoral Degree
77 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
Tax.appeal.168
Tax.appeal.168
Principal
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I sold a 2 family used as an investment and with depreciation
I sold a 2 family used as an investment and with depreciation as well as time not rented have significant cap loss. Can that be used to offset cap gains from non real estate investments eg mutual fund… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
265 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
This year I sold a property that I inherited several years
This year I sold a property that I inherited several years ago, and owe capital gains. I took the money and invested it the stock market this year, and had losses. Can the current year's losses be off… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
I have a capital loss that has a 3,000.00 limit per year on
I have a capital loss that has a 3,000.00 limit per year on my tax return. I think that limit applies to ordinary income. Is that another type of gain such as short or long term capital gains where th… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I am a Canadian and I have lived in the US with my wife for
I am a Canadian and I have lived in the US with my wife for 4 years. I am currently a green card holder. When we came to the US we owned a property in Edmonton, Canada. Shortly after coming, we purcha… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
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R. Klein, EA

R. Klein, EA

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