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Client had hugh capital gain in 2005 (stocks) and paid the tax on gain. Same Client had a hugh capital loss in 2007 (stocks) could only expense $3000 of the loss. Is there anyway
that the 2007 loss could have been carryback to 2005? Client did his own...
Started by arlo on
, 12 posts
by 5 people.
Answer Snippets (Read the full thread at thetaxbook):
Is there anyway (stocks) and paid ....
Capital losses cannot be carried over after a taxpayer's a hugh capital loss in 2007 (stocks) could only expense $3000 of the loss.
Death of taxpayer.
Actually had the loss.
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Say someone had a capital loss of approx. $25k in 2008 would it make sense that for their 2011 tax return on their worksheet for capital loss carryover :
long-term capital loss carryover for 2011 would be: $3,500
i'm thinking they may have missed something...
Started by paix on
, 8 posts
by 6 people.
Answer Snippets (Read the full thread at bogleheads):
If a person does capital loss....
$3000 each year , guess i don't understand CLCarryover much As sscritc illustrates, capital loss in 2009, then the 2008 carryover would be fully applied against the capital gain.
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On Fri, 27 Mar 2009 14:57:47 EDT, Edward <edward101@gmail.com
Are capital gains losses limited to a $3000 offset of dividend
income? Thanks,
Edward
--
<< ------------------------------------------------------- << The foregoing was...
Started by Edward on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at omgili):
Edward101@gmail.com (Edward) posted:
The straight answer is that capital losses may be used to have a combination of capital gains
and Qualified Dividends for the year 2008, would have, the short, correct answer is that....
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On Fri, 27 Mar 2009 22:25:18 EDT, "Gil Faver" <rowdy'sboss@xxyz.com
"Bill" <an_ordinary_guy_158@hotmail.comnews:27813-49CD2F4B-5759@storefull-3173.bay.webtv.net...
I have never understood what is going on in the Schedule D worksheet. Are
...
Started by Gil Faver on
, 3 posts
by 2 people.
Answer Snippets (Read the full thread at omgili):
That the total effect of all capital gains and
losses has been factored in to the AGI via line 13 on the 1040
from the OP, that "capital gains losses are limited to a $3000 offset of
dividend income, for
most taxpayers, result....
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I invested in a Vanguard mutual fund in 2005. From that time to Dec., 2007, it paid out handsome capital gains. In Dec., 2008, there were no capital gains, and the situation remains, today. I understand that capital gains come from buying and selling ...
Started by grizzoola on
, 14 posts
by 11 people.
Answer Snippets (Read the full thread at bogleheads):
What that means Note is a summary of the capital....
I'm willing to bet they incurred some capital LOSSES a few yrs back and haven't yet overcome loss, it has to distribute the capital gains to its shareholders annually.
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Capital Gains: A Tax on the Middle Class
Those who oppose reducing the capital gains tax argue that it would be a tax cut for the rich. But in truth, the capital gains tax falls most heavily on middle-class business people and investors. The wealthier...
Started by Pinefarm on
, 15 posts
by 9 people.
Answer Snippets (Read the full thread at michigan-sportsman):
This means that close to 94% of those who....
According to the IRS, in 2008 more than 3.1 million of the 3.3 million who reported the sale of capital investments of some sort (excluding personal residences) had incomes of less than $200,000.
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I've just got stung by a huge UK tax bill on profit from the sale of U.S. mutual funds.
If I buy shares in non-UK companies and later sell them at a profit is that profit treated as a capital gain or as income? The difference in allowances and rate of...
Started by Stacey on
, 11 posts
by 6 people.
Answer Snippets (Read the full thread at uk-yankee):
Generally speaking....
Gains on sales of non-UK shares are taxed by the UK as capital gains with a maximum 28% tax rate income gains at income tax rates of up to 50% with no annual exemption and no offset for losses on other mutual fund sales.
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Capital gains are the key ingredient of income disparity in the US? and the force behind the winner takes all mantra of our economic system. If you want even out earning power in the U.S, you have to raise the 15% capital gains tax.
Income and wealth ...
Started by unusablethought on
, 25 posts
by 12 people.
Answer Snippets (Read the full thread at rivals):
Of the ABC debate in 2008 where they asked Obama why increase capital gains if history indicates (Reagan:
This reminds me of the ABC debate in 2008 where they asked Obama why increase capital gains if history by fmol4:
This....
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PRWCX looks like a decent fund, even for a retiree, but I don't see much on it?
What are your overall opinions on the fund?
Thank you
Started by marcb515 on
, 17 posts
by 10 people.
Answer Snippets (Read the full thread at morningstar):
It is now very volatile, high the OP's question, "What's your opinion on Capital....
No one should misunderstand its 27% loss in 2008 creating positive total returns since it tanked so badly in 2008.
Performance during certain periods.
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I am reading a book named all about dividend investing by Don Schreiber JR. He is claiming that "Gains and losses are not created equal"
Would you please help me to agree or to disagree with the statement?
he is claiming that if you invest 100$ and lose...
Started by akatsiya on
, 10 posts
by 8 people.
Answer Snippets (Read the full thread at canadianmoneyforum):
Yes....
But the percentage of the gaine did not equal to the percentage of the loss.
Did the guy recover his money? the amount of the gain equaled to the amount of the loss.
Then tsx dropped in 2008 and then recovered to 14000 in 2011.
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