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#5
04-05-2005, 08:15 AM
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 Re: capital loss carryback Paul B. wrote: - quote - > Can an individual investor take capital losses and apply them
An individual may NEVER carry back a capital loss.> against previous year's gains? I know they can be carried forward > to ensuing years. From what I read, I know corporations can carry > losses backward, but I don't think individuals can, unless > perhaps they classify as Traders and use the Mark to Market > approach - which sounds very complicated. The trader approach causes a NET OPERATING LOSS carryback, not a capital loss carryback. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
04-02-2005, 08:15 AM
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| Re: capital loss carryback "Paul B." <pb_public[at]operamail.com> wrote: - quote - > Can an individual investor take capital losses and apply them
Can't do it.> against previous year's gains? I know they can be carried forward > to ensuing years. From what I read, I know corporations can carry > losses backward, but I don't think individuals can, unless > perhaps they classify as Traders and use the Mark to Market > approach - which sounds very complicated. > Any insight would be appreciated. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
04-02-2005, 06:58 AM
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| Re: capital loss carryback Paul B. wrote: - quote - > Can an individual investor take capital losses and apply them
Capital losses only go forward.> against previous year's gains? I know they can be carried forward > to ensuing years. From what I read, I know corporations can carry > losses backward, but I don't think individuals can, unless > perhaps they classify as Traders and use the Mark to Market > approach - which sounds very complicated. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
04-02-2005, 03:09 AM
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| Re: capital loss carryback Your only hope would be a NOL carryback. I don't think you qualify but get form 1045 and its instructions to see. ed << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
04-02-2005, 02:50 AM
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| Re: capital loss carryback "Paul B." <pb_public[at]operamail.com> wrote - quote - > Can an individual investor take capital losses and apply them
No.> against previous year's gains? -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-02-2005, 02:50 AM
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| Re: capital loss carryback "Paul B." <pb_public[at]operamail.com> wrote: - quote - > Can an individual investor take capital losses and apply them
No> against previous year's gains? -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-01-2005, 09:41 AM
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| capital loss carryback Can an individual investor take capital losses and apply them against previous year's gains? I know they can be carried forward to ensuing years. From what I read, I know corporations can carry losses backward, but I don't think individuals can, unless perhaps they classify as Traders and use the Mark to Market approach - which sounds very complicated. Any insight would be appreciated. Paul -- Given address is checked only infrequently. Please reply to group. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| capital, carryback, loss |
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