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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Can you sell shares before ex-dividend and buy back after, to replace 'dividend income' by 'capital gains'?
Note: this is the opposite direction than most sell/buy questions over dividend day.
Here is the situation: I have large losses from unrelated trading activity, and can only deduct 3000 per year from ...
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Capital loss carryover in low-income years with capital gains
Let's say I bought 100k worth of a stock a long time ago. Over the years, I've received (and paid income tax on) 50k in dividends. The stock tanks, and my shares are now worth only $50k. I decide ...
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Are everyday foreign currency exchange fees deductible with the CRA as a capital loss? [duplicate]
Let's say today's official market exchange rate from USD to CAD is 1.30.
However, my bank or Western Union is only willing to offer me a rate of 1.20. Therefore, I end up converting $100K USD to just $...
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How to compute cost basis over multiple purchases, for sale of a fraction of the assets?
(The example below is, of course, unrealistically simple, just for the sake of illustration.)
Suppose that I made the following purchases and sales of shares of some stock X:
| 01/15/2021 | bought | ...
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How to deduct a loss from an investment that went bankrupt?
We had money in a BlockFi account, which went bankrupt at the end of 2022. How can we deduct that loss on our 2022 tax return?
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Do RSU / ESPP Sales Go On Form 8949 As Capital Gains And Losses?
I have a series of RSU + ESPP sales within the past calendar year. All RSU and ESPP that have vested and been awarded have been reported as ordinary income via a W2. My company uses ETrade for ...
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How to report losses on Treasury Bill sales?
I have an account at Fidelity. Last year I sold some Treasury Bills before they matured. Some of the sales were gains and others were losses.
When I got my Fidelity tax package, it showed the gains as ...
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Wash Sale on Monthly RSU Vests
I haven't really sold any of my RSU's that I received from my company in the 5 years I've been there. To simplify the situation:
I have 100 units at $50 from 2019.
I have 100 units at $150 from 2022.
...
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Tax loss - wash sale rule and mutual funds
I was reading up on tax loss harvesting because I recently sold some stock at a loss. I've know about the wash sale rule, but in my reading came across this information (emphesis mine)
This means ...
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Is writeoff gone forever if I trigger a wash sale by repurchasing in an HSA?
I sold 20 contracts of XYZ call option spreads at a total loss of $25,000 in a taxable account. The next day I bought 10 shares of XYZ in my HSA (oops - I hadn't realized that this counts as a wash ...
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How do I get relief from double taxation on New Zealand interest under treaty when I have a net foreign passive loss?
As a preliminary, I am a dual citizen of New Zealand and United States, resident in the United States, but I have New Zealand source passive income.
Under the New Zealand tax system, interest is ...
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How much net passive source income goes on Form 1116 when capital losses are way over the $3,000 limitation?
For U.S. tax year 2021, I have a large passive-category foreign source capital loss (mostly long-term), a medium-size domestic capital loss (mostly long-term), and a small passive category foreign ...
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Capital Loss Carryover from Resident status to Non-Resident Status?
In my last year as a US resident I had a short-term capital loss carryover of about $10,000. In the subsequent year I became a non-resident alien. Am I right that this vaporized (make useless) my ...
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Is The Wash Sale Definition Vague, Or Am I Reading It Wrong?
From Pub 550, page 56 (or so), "Wash Sales" is defined as:
"A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you:
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my Europcar shares are gone !! France
France Boursorama
I checked my bank account today and I noticed that all my Europcar shares are gone.
I heard that Europcar will be purchased by VOLKSWAGEN GROUP.
I received some letters from my bank ...
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What's the point of the wash rule?
I don't understand the 30-day wash-rule. Someone please set me straight.
So let's say I purchase 100 shares of Hot Stock X, for $100 apiece. So $10,000.
Let's say that the stock goes down 50% on a ...
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Can I claim a capital loss on property I gifted?
I had some cryptocurrency with an unrealized capital loss that I gave to someone as a gift.
My adjusted cost basis just before I made the gift was $4,000.
The fair market value (FMV) of the ...
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Where do I roll over capital losses from a previous year on my tax forms?
I use TurboTax and a couple of years ago I lost money in the stock market. I haven't made any money in the stock market since then but plan to start investing again and wanted to make sure that the ...
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What should one do with excess capital losses?
What should one do with excess capital losses?
Suppose I need to sell some stock to fund a down payment on a house, and I have long term gains, short term gains, and long term losses to choose from. ...
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can nonresident alien (NRA) stock loss carryover/be calculated as cost basis?
I am a nonresident alien NRA in California. I am an ordinary employee in a tech company, that's my job. I have no business. Aside from my job I trade stock by myself. So if I have capital gain, my tax ...
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I realized I am too stupid to buy individual stocks, should I use "robo-advisor" consulting?
First the facts:
I opened a Swissquote account in mid 2018 (a broker similar to Robinhood in the US).
My balance today: loss of -1'500 CHF, with a total investment of 26'000 francs.
Especially the ...
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How do wash sales work when the acquisition of substantially similar stock is done *before* the sale?
I understand wash sale rules in the simple case: If I sell stock at a loss and then buy it back in 30 days or less, I can't take a deduction on the loss and must instead add the loss to the cost ...
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Restrictions on rounding proceeds/basis when computing capital gains tax?
When I upload Form 8949 transactions using TaxAct it rounds the proceeds/basis for each individual transaction to the nearest dollar. In other words if I make one transaction buying a stock for 0.51 ...
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How do I realize tax losses on a cryptocurrency I can't sell?
I have a bunch of dead coins that don't have any liquidity on exchanges anymore. Is there a way to sell them or report them to the feds somehow so I can harvest my tax losses?
I read about a way that ...
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Is my tax software correct when it automatically deducts $3000 from my carried forward cap gain tax losses despite I get a refund?
I am ending up with a refund for 2021 due to child credits but my tax software automatically deducts $3000 from my carry forward amount anyway (see line 7), is this correct? If I do not need to pay ...
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How to record capital losses from 2015 to offset against capital gains of current year (2022)?
In 2015 I incurred a 10k capital loss. I haven't made much in capital gains from that year since so I haven't declared the losses on my 1040 in 2015 or any year since (I have a 1099 from 2015 to prove ...
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Is it generally advantageous to offset capital gains with losses?
Related to these two questions. My question is, if I have $1000 in short-term capital gains and, for the sake of simplicity, say I would have to pay a 20% capital gains tax - $200. Is there any reason ...
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Tax loss-harvesting with Crypto
There are headlines floating around about enforcing wash sale rules for crypto capital gains and losses, this prompted me to look into tax loss-harvesting, and it turns out I don't understand it at ...
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If I buy a property that has a home on it and subdivide the land and sell off the home for less than I bought it for, is that a capital loss?
I want to buy a home that sits on 1 acre for $1m (in the USA). I want to subdivide the land into two pieces and keep the new 0.5 acre parcel to build a home on for me. I have no interest in keeping ...
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Does it often make sense to sell an equity while it still is a short-term loss?
Let's imagine Juanita. Juanita pays taxes in the USA.
Juanita bought equity XYZ on January 1 and sold it for a profit of $100 a month later. Thus, it was short-term gain.
Juanita also bought equity ...
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Is there capital loss on called shares
I bought 100 shares of XYZ at $12.35 for a total cost of $1,235.
I then sold an $11.50 call for $1.15, collecting $115.
If assigned, will my sale price for the 100 shares be $1,150 realizing an $85 ...
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Is loss disallowed after wash sale involving IRA, but rebought in traditional brokerage first?
I've read horror stories about someone selling stock A for a loss in a traditional brokerage and rebuying the stock in an IRA. Their basis in their IRA does not ever adjust and they cannot ever ...
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capital gain/loss sequence
sorry if this has been already asked but i'm having trouble translating from layman's language to IRS-speak.
Assume I buy a security (eg: SPY) in 2020 at $10, then buy another one share in January ...
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Where can one view whether one has capital loss carryover from last year on one's tax forms from last year?
I'm filing for my US taxes as a US lawful permanent resident, and I'm trying to determine whether I have any capital loss carryover from last year. Where I view this information somewhere in my tax ...
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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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As a new resident alien, can I harvest capital gain losses from previous years when I was a non-resident alien?
In the year 2020, I switched from being a non-resident alien (NRA) to a resident alien (RA) for tax purposes. I'd come to the US in 2015 as an international student (F-1 visa).
For NRAs, using the ...
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Can I reduce the capital gain on which I have to pay taxes if the previous year I had big losses?
Suppose this year I have a capital gain of 200 thousand pounds, but last year I had a loss of 50 thousand pounds... this year can I pay taxes only on 150 thousand pounds of capital gain?
And what if ...
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Giving stocks as a gift to offset losses
Suppose I have accumulated some stock exchange losses in the past. My parents gift me some stocks. Do I get to realize capital gains when I sell those stocks? If my parents bought the stock for $100 ...
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How do I carry over capital loss to the next year?
I understand it can be done... I don't need to know that.
...But I don't understand the mechanism used to track and carry over the capital losses for future years...
I am entering my stock trades into ...
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What is the purpose of placing a minimum value for Stop Loss for some positions (no shorting, no leverage)?
Nasdaq has just observed (not sure if it is finished yet) a major rotation that led to many stocks to fall (especially tech and "green" ones). As an eToro user, I have noticed that during ...
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Selling RSU below Settlement Price
I have 10,000 RSUs vested and released recently. 42% of Shares were sold at $15 per share when RSUs were released but trading window was closed. When trading window finally opened, I sold all my RSUs ...
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Is losing money on stocks actually simpler than gaining money?
Suppose that I want to invest X amount of cash in stocks, with the goal of doubling the value of my portfolio inside a given time period.
This is notoriously hard, in particular there is no full-proof ...
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Lost A Company In a Judgement
I inherited a company from my father. Not sure what the valuation was. I didn't have any money invested in the company, but the company was sued and we lost it in lieu of not being able to pay the ...
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Wash Sale Question [duplicate]
It's Jan 1st and I buy 1 share of XYZ for $10.
Jan 2nd I sell it for $9.
Jan 3rd I buy it back for $9.
Jan 4th I sell it for $8.
Final loss: -$2
I understand this is a wash sale. But in my year end ...
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Do I get a tax credit for my dependent’s short term capital loss?
My father is not working and is my dependent. I have him $5,000 cash as a gift in 2020. He “invested” it in stock market (bought an option for something), and lost it all.
If he had any income, then ...
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Losing money on a deep In the Money call
Suppose that I sold a call option at $1/share on XYZ at a strike of $100.
The holder of the call exercised the option when the market price of XYZ is $110.
Now I need to buy 100 shares at $110 and ...
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Do I have to pay taxes on my capital gains when they're still less than my carryover capital losses?
I am based in the US. Let's say that in 2019 I bought some stocks and sold them in 2019 for a loss of $20k. So in each year starting from 2020, I am able to deduct $3k from my taxable income until all ...
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Covered call buy back
I sold a covered call for $1000. If I buy it back for $5000 before the expiration date, will the $4000 considered a short term loss and will it offset my short term gain and long term gain? I do not ...
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Is this a superficial Loss? Stock Sale and Put Option [duplicate]
I sold 250 shares of a stock at a loss of (-1,000). 2 weeks later bought a single put contract (100 shares) n the same stock. If I sell the put option for profit a few days later, is this a partial ...
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Why is capitalization because of revenue fall important?
I have a question: Why is extra capital important in case of revenue drop, either quarter or annual revenue?
I'm asking: what are the benefits of getting large amounts of extra capital if revenue drop ...
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