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0
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1answer
76 views

If I make a loss in trading stocks, can I state it as a loss of investment in the tax refunds?

I was wondering if I could turn around my losses (a little bit) to help with my tax refunds. If I have negative total profit from trading stocks/investments, will it help increase my tax refunds? ...
2
votes
1answer
67 views

At what point do recurring small business losses become a problem with Canada Revenue Agency?

How many times can a small business owner claim an overall yearly loss, when filing income taxes, before the Canadian Revenue Agency (CRA) will consider it a problem? A friend who runs her own small ...
5
votes
1answer
142 views

Foreign currency losing value — can I report this as a loss for tax purposes?

I live in the U.S., and I have a savings bank account in Ukraine. The money on that account were in UAH (Ukrainian Hryvnia), which lost ~50% of its value during 2014. This means the amount on my ...
1
vote
1answer
107 views

Should I write off my time invested in developing a business [duplicate]

Last year was my first year in business. I spent a good chuck of time developing my business plan, designing the company website, and developing policies and procedures for my employees. I'm about ...
0
votes
1answer
120 views

How to safely exit a falling security?

Imagine you have purchased a stock at precisely the wrong moment. The instant you have purchased shares, it begins to drop. It seems like there can be strategies for exiting the position without ...
3
votes
1answer
248 views

Interpreting mutual fund performance: “Earnings” vs. gains/losses?

I have a 401K at Vanguard through my company, and I was browsing the 'performance' of my fund. I found where it breaks down my transactions, gains/loss, earnings, and overall change. I'm guessing ...
35
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16answers
10k views

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 ...
3
votes
1answer
338 views

How do NOLs (Net Operating Losses) affect an investment decision?

[A company trading on the NYSE for $1.85/share] just had a conference call... They have... cash equivalents of $2.27/share. They have more than $1/share in NOLs. NOL, I guess, is Net ...
4
votes
2answers
364 views

Rolled over husband's 401(k) to IRA after his death. Can I deduct a loss since?

When I rolled over my husband's 401(k) into an IRA after his death, the beginning balance was 100,000.00 and now the balance is around 10,000.00 If I sell the IRA, can I deduct the loss on my taxes?
4
votes
1answer
82 views

How do I take a loss on an IRA I converted to a Roth IRA?

Can I take a loss on conversion? If so, how do I do so (i.e. what U.S. tax form do I use)?
4
votes
1answer
70 views

Calculating loss for future money flows

I signed a contract w/ a company that would pay me various amounts of various dates (example: $200 on 5 Dec 2010, $150 on 12 Dec 2010, $750 on 23 Dec 2010, etc). They breached this contract, but I ...
4
votes
2answers
1k views

Should I wait to sell a stock (at a loss) that I have held for less than a year?

I currently hold some shares of a stock that I don't expect to regain much value. I bought this (at a higher price) about 8 months ago. My limited understanding of the way capital gains taxes work ...
10
votes
4answers
494 views

Most common types of financial scams an individual investor should beware of?

We've probably all heard of the Ponzi Scheme, made famous first by Charles Ponzi and more recently by Bernie Madoff: In March 2009, Madoff pleaded guilty to 11 felonies and admitted to turning ...
11
votes
3answers
464 views

How can I minimize losses on an upside down mortgage for a condo I no longer live in?

I have made a good faith effort to keep up my mortgage payments on a condo that I no longer live in since Oct 2005. In 2005 I had to move out of state for my job and I listed the property for about ...