Stock losses

/Tag:Stock losses

Deducting Losses in Retirement Accounts

By | July 17th, 2014|Categories: Potpourri of Tax Topics|Tags: , |

The general tax rule is that market losses in retirement accounts are never deductible. That statement is true, but as with everything relating to the taxes, there’s a “but.” In rare circumstances, you might be able to deduct losses from these accounts. Basic Requirements for All Types of Accounts All accounts of the same type must [...]

Comments Off on Deducting Losses in Retirement Accounts

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 [...]