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secondson2002 | The stock I have has fallen below the price I bought it at, can I CLAIM MY LOST to the IRS If I sell them ? |
WHAT COULD BE STOPING A STOCK FROM INCREASING? |
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girlwhoknowsitstrue
 |
It depends - if it's in a 401k or retirement account, you can't claim the loss. If it's in a regular brokerage account, you can claim your loss up to $3,000 over the amount of the gains you claim that year.
so if your gains are $10,000 and this loss is $30,000, then you can claim $13,000 of loss this year, and $3,000 losses every year until the $30k is used up.
Be careful of the wash rule - if you sell a stock at a loss and rebuy in 30 days, you can't claim the loss. |
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Judy1
 |
If you sell, then yes you can claim your loss on your tax return. You'll fill out a schedule D showing your stock sales. If the total loss is $3000 or less, you can net that against other income. If it's more, you can net out $3000 against other income for the current year, and carry over the rest to the following year(s).
Not all stocks increase in price. |
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Scott K
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Until you sell your stock, you have an unrealized loss. After it's sold, it becomes a capital loss for tax purposes and is reported on Schedule D, IRS Form 1040. Until then, it isn't deductible, unless of course it actually becomes worthless. There are limits on how much of a loss is deductible per year.
Stocks go up and down in value for a myriad of reasons. Sometimes it's because of the stock itself, sometimes it's because of the market, the economy in general, or whatever. While the stock is supposedly an indication of the value of the underlying assets, liabilities, and potential earnings and dividends of the company, the reality is that there are a host of issues that make stock values go up and down. |
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ben w
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yes |
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Barry auh2o
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Yes. Yoi have a capital loss. |
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stephenweinstein
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If you sell stock for less than it cost you to purchase, the loss is used to offset any gains that you have from other sales. If you have no gains or have more in losses than in gains, the first $3000 per year of losses can be used to reduce your other taxable income; anything over $3000 is rolled over to the next year. |
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doctor risk
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For the first part, the answer is sort of. You can claim a loss, but if the NET loss (you could have other gains) is more than 3,000 then you can only claim a 3,000 loss and then carry the rest of the loss over to the next tax year. So if you lost 10k, you could claim a 3k loss this year and carry 7k to next year. If you make say 2k in the market that year, that goes against the 7k and you declare a loss of 5k. But again the 3k limit means you get to deduct 3k and carry forward 2k.
>>WHAT COULD BE STOPING A STOCK FROM INCREASING?
Many, many things. Poor company performance. A basically flat market. From 1965 until 1982 the Dow Jones, adjusted for inflation, fell 75%. So stocks can be down/flat for a long, long time. |
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Califrich
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Yes, if you sell the stock you can deduct the loss from any profits made on other investments. The only thing that will stop a stock from increasing in value is supply and demand -- if there are more shares of the stock available at a given price than people are willing to pay, it will fall in value. |
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