Capital Gains and Losses

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Related Capital Gains and Losses Questions
If a person takes a distribution from his esop which
If a person takes a distribution from his esop which includes both cash and stock and then sells the stock back to the coompany, can he offset his capital gain with carryover capital losses? … read more
PDtax
PDtax
Owner
Master's Degree
5,756 satisfied customers
Can short term capital losses carryied over from 2018 to
can short term capital losses carryied over from 2018 to 2019 jn new jersey? … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
417 satisfied customers
I have large capital losses for stocks on my taxes which I
I have large capital losses for stocks on my taxes which I was writing off 3000 per year which will continue for years to come. With Trumps new 12000 maximum deduction, the write off does not save me … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,395 satisfied customers
I have loss of approximately two hundred thousand dollar
I have loss of approximately two hundred thousand dollar that has been carried over for a few years. I have married. Can my wife use my loss against her income taxes? Thanks… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,259 satisfied customers
I have two questions: 1) I have a big capital loss carryover
I have two questions:1) I have a big capital loss carryover from 2017 plus more stock losses in 2018. Normally I am not allowed to use more than $3K for capital loss in a given year. But I sold a hous… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,131 satisfied customers
I took a large dividend from a C Corp I own in 2018. I had a
I took a large dividend from a C Corp I own in 2018. I had a lot of crypto currency holdings that I am considering liquidating today. Are these capital gain losses deductible against the qualified div… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,967 satisfied customers
I am 61 and I"m a first time stock investor. I have a
Hello, I am 61 and I"m a first time stock investor. I have a brokerage and retirement account with a major firm. I understand there's no capital gains on my retirement account but what is the proper p… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,967 satisfied customers
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
36,192 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
27,449 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
5,459 satisfied customers
With closing a business that was active for 20 years,
With closing a business that was active for 20 years, recently closed with a total long-term capital losses of . The questions is, can a person sell stocks that will bring a short and/or long term PRO… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
8,089 satisfied customers
I live in California. We file a joint return. My wife has
I live in California. We file a joint return. My wife has considerable capital gain to report. I have been sitting on about $165K of capital loss if I sell a worthless stock (TSTC), and I have been si… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 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
7,892 satisfied customers
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
269 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
8,131 satisfied customers
I bought couple of mutual funds (X, Y) in Apr 2011. I have
I bought couple of mutual funds (X, Y) in Apr 2011. I have losses in 2011 on both X & Y and my tax preparer showed the losses in form 8621. However these losses are not included in any schedule. Of th… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,131 satisfied customers
Hello, I had bought a stock in 2009. I paid totally $4500
Hello, I had bought a stock in 2009. I paid totally $4500 in that year. Then the stock went down and finally bankrupt. It went bankrupt in 2011 i believe, i am not sure. I didnt do anything else on it… read more
R. Klein, EA
R. Klein, EA
Enrolled Agent
Master's Degree
269 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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