Questions tagged [capital-loss]
A capital loss is the loss incurred when a capital asset decreases in value. This loss is not realized until the asset is sold for a price that is lower than the original purchase price.
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I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment?
I carelessly invested on stock on a spike (I have been persuaded by a family member) and now my investment value is really low, as you can see below.
Is there anyway to salvage my investment for ...
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How do I get rid of worthless penny stocks if there is no volume (so market/limit orders don't work) and my broker won't buy them from me?
Short summary
I bought some shares in a penny stock a few years ago, but now they don't trade and are worth $0.0001 per share.
I want to get rid of them, but a) market orders don't work because the ...
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Meaning of capital gain distribution
How is capital gain distribution calculated?
I wonder what differences and relations are between capital gain
distribution and capital gain/loss?
Line 13 of IRS Form 1040 asks for capital gain and ...
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If I take a loss when I sell my car, can I claim a capital loss deduction on my income tax return?
If I sell my car off at a loss, can I write that loss off against my income to save on tax? Does it matter if the car was used just for personal leisure use, or if I used the car to generate business ...
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Accumulated Capital Losses
I have accumulated losses of above $200,000 in stocks from the last 10 years. I have been writing off $3000 every year and say the carryover is $200,000.
Now i am seeing some profits in my account ...
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I bought my first shares in life and they dropped 25% in a very short time. What to do?
I bought Coinbase stocks shortly after IPO. Now my loss at 25%, however, I am in the fortunate position of not being dependent on the invested money.
I would like to know in retrospect what I and ...
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Are two options ever too similar for taxes?
If I buy an option, wait 3 months, sell it, and then buy it back the next
day, "wash sale" rules will apply. But, what happens when these three
actions use slightly different options (e.g., strike ...
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Are wash sale rules different for stocks and ETFs / Mutual Funds?
In this answer to this question, JoeTaxpayer writes:
To take the loss this year, he'd have to sell soon, and can't buy it back for 30 days. If, for whatever reason, the stock comes back a bit, he's ...
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Does it make any sense for UK private investors to hold gilts directly and outside of a tax wrapper?
According to my understanding of gilts (which is in accordance with the answers here), private investors in UK gilts paying a premium on the redemption price (for example 2% T20s currently report a ...
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Do I have to sell worthless stock to claim a loss and clean up?
On February, 3 2000 I purchased shares in iVoice.com (IVOC). These shares sat in a "hobby" account which I rarely looked at until recently.
I'm looking for guidance on how best to deal with the ...
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Why does my brokerage show "adjusted due to previous wash sale disallowed loss" when I sold my entire position?
Over a month ago, I wanted to do some tax-loss harvesting. I wanted to sell a fund that had dropped in value and replace it with a more generic fund. Right before I sold, the fund paid out dividends ...
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How are Share Awards and Sales Treated?
I'm looking for a general answer on how this situation is treated for tax purposes, not how to report this situation when doing my taxes (although that would be interesting as well). The numbers ...
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Can capital loss in traditional IRA and Roth IRA be used to offset taxable income?
For traditional IRA and Roth IRA, can capital loss be used to offset taxable income for tax purpose?
If not, when withdrawing from traditional IRA and Roth IRA, can the capital loss now be used to ...
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Is capturing a loss a unique opportunity?
Upon the advice of a financial planner at a large financial management firm, a friend bought an individual stock, Apache, as part of their portfolio.
That stock has since lost over 50% of its value.
...
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Do you use the Cost Basis or the Amount Invested to compute a gain/loss for tax purposes?
A friend's Edward Jones financial advisor is using the Amount Invested and not the Cost Basis to compute the tax loss of selling a mutual fund.
I don't know anything about this stuff, but I'm pretty ...
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Tax consequences of short term capital losses
How do short term capital losses figure into taxable income? If someone has 50k of taxable income before considering capital gains (and losses) and a total of $2k in short-term capital losses, what ...
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Will offsetting $x in long-term gains with the exact same $x in short-term losses of the same asset class result in no taxes on the gains?
As the title says, will I have any tax consequences (aside from paperwork) if I offset an equivalent value worth of long-term gains with short-term losses? Assuming no other externalities except an ...
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Wash sale repetition through chaining
Wash sales seem to have very weird behavior, here's an example. It uses all the same stock, and there are no other holdings besides those mentioned.
Day 1, buy 100 shares for $200 each, so $20,000 ...