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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Early Exercised NSO Shares when company is acquired and the tender offer is lower than the strike price

I early exercised my company shares a few years ao at about $6/share and filed a 43(b) tax form. I'm no longer at the company, but all my shares are vested. This company was recently purchased by a ...
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107 views

LLC capital equipment against day job income

My wife and I have started an LLC. the LLC is run our of our house, it is a machine shop. We file our taxes joint-married. She is 51% owner I am 49% owner. I work a day job (for now). We have ...
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5k views

How to report short term capital loss occurred between 16-Mar and 31-Mar in ITR2?

I have short term capital gains from sale of equity shares for India financial year 2013-14 as below (Figures are hypothetical, but the concept is exactly how I am facing it) Gain of Rs.30000 in ...
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US tax return - how to report a private stock that paid out dividends and liquidated at $0 value

I work in the United States. My Netherlands based employer offered me to buy into an employee equity program organized as a Dutch BV. My basis is approximately $4000 from two purchases in 2011 and ...
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Is there a general requirement to track and report Capital loss in Canada?

A website of a certain bank states in its FAQ for buying/selling precious metals (https://preciousmetals.td.com/shop/en/tdmetals/metal-support): "Q: Are there tax implications if I sell my precious ...
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Can I claim a capital loss on property sale

If I own a vacant property with 3 people that we paid $120,000 for it can I sell my share to the other owners for $100 and claim a capital loss? I just don’t want to pay taxes and HOA fees anymore. We ...
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1answer
740 views

Tax Loss Harvesting and RSUs

I routinely sell my RSUs as soon as they vest, but this previous vesting period -- I did not. Sadly, the stock declined ~25 percent since that time. Some key notes. This would be a short-term sale ...
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75 views

Can a US non-resident alien do tax-loss harvesting on capital gains and income? (183-day rule)

Context: I am a non-resident alien in the USA as a J1 scholar. After being present for 183 days in the USA, I must pay capital gains tax in the USA. My questions: i) can I reduce my ordinary USA ...
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88 views

Why is a lot being marked as a wash sale when all lots of that security were sold at a loss on the same day?

I'm going over my 1099-B from my brokerage and I'm trying to understand why some of the trades are being marked as Wash Sales while other's under similar circumstances aren't. Here's an example set ...
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Capital loss treatment for non resident aliens

Can non resident aliens (someone who does not pass the substantial presence test) claim the 3000$ deduction against income if there is no sufficient capital loss? Also can any excess capital loss be ...
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33 views

Can I deduct partnership loss from my income?

I lost tens of thousands as passive loss when I withdrew from a partnership. However I'm not sure whether the capital loss is deductible. Since I have no passive income I think I could deduct $3,000 ...
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48 views

How to report HSA capital loss on California tax returns, Schedule CA 540 form?

How do we report Capital losses on HSA for California State taxes form schedule 540? Do we need to attach Schedule D (of CA)?
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82 views

Business losses for expenses incurred by a foreign contractor

I am a resident of California (Green Card holder), and started a new business in 2018 to evaluate an idea I had. It was not registered in state of CA as I was not sure how far the idea can go. Anyway, ...
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When I am continually trading an asset, when does each wash sale loss get applied?

Let's say I buy 20 shares of stock at $100 each, and later sell half of those shares at $90. Less than a month later, I buy back 5 shares of the same stock at $95. The stock then rises to $101 and I ...