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Short term vs long term capital gains, loss carryovers
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Back in 2000 and 2001, I had short term capital losses that exceeded the 3000 dollar limit. Each year, I've been able to deduct 3000 dollars since my short term gains have been minimal. I still haven't used up all my 2000 and 2001 short term losses. I had some long term gains in 2000, but...
Short versus long term capital gains
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I have an investment account that I'd like to reposition some of my holdings from. For tax purposes, can I offset a long term capital gain with a short term capital loss or do I have to match long term gains with long term losses, etc? Secondly, if I have a long term or short term loss, and I...
Q: Amened tax return involving long-term capital gains
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Hi, I need to amend my tax return for 2006. I overlooked money that I got from selling stocks that I held for more than 5 years. I think that the tax rate on this money would be lower than my income rate since it was a risk investment and I held it for more than 5 years. The Amendment form 1040X...
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I used TaxAct to do my 2005 taxes. During 2005 I sold stock that I held for more than 2 years. When I reviewed the TaxAct print out, there was no discount on the gains from the stock sale. When I sold stock in the past (long term), only a portion of the gains was recorded as income. Is long term...
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"Short-term stock gains are taxed as ordinary income. Therefore, the nominal tax rate will be whatever tax bracket you are in. More explicitly, it will be taxed at the federal tax rate (bracket) as determined by your taxable (not gross) income line on your federal tax return." If all of my income... View more questions Search
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