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re: Tax Question (Trading Stocks)

Posted on 9/30/13 at 10:17 am to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 9/30/13 at 10:17 am to
Yes, a ST capital loss. You can right off infinity of capital losses against capital gains. However, only $3k of capital losses a year to offset income taxes.

EAT: All assuming this is a non-qualified account of course.
This post was edited on 9/30/13 at 10:21 am
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89745 posts
Posted on 9/30/13 at 12:17 pm to
quote:

Yes, a ST capital loss. You can right off infinity of capital losses against capital gains. However, only $3k of capital losses a year to offset income taxes.


It's an interesting question, too - as they are capped against income, but not against gains - how long can an individual roll over losses to offset future capital gains? Is this even possible?
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