Capital Losses and Tax Planning

By | December 27th, 2013|Categories: Potpourri of Tax Topics|Tags: , , |

The following question came up recently:  An investor has a $10,000 capital loss carryforward from prior years. They have $5,000 of capital gains from stock sold this year. How does the loss carryforward work this year? Background Tax law places limits on how much a taxpayer can deduct in capital losses each year. The limit is [...]