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#1
01-05-2006, 04:13 AM
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 Re: Disposition of Passive Investment Shagnasty wrote: - quote - > > I hold it for more than one
Unless the company deals in inventory-related or other "hot> > year, the losses will only be allowed to be deducted when I > > disposed of this investment. If I disposed of this investment > > at a net gain will this be a long term capital gain or ordinary > > income? > Long-term gain. asset" items. Then the gain will be ordinary. Otherwise, LT capital gain is correct. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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01-05-2006, 01:49 AM
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| Re: Disposition of Passive Investment - quote - > I hold it for more than one
Long-term gain.> year, the losses will only be allowed to be deducted when I > disposed of this investment. If I disposed of this investment > at a net gain will this be a long term capital gain or ordinary > income? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
12-30-2005, 03:38 AM
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| Disposition of Passive Investment I have an opportunity to investment in a company which I will not be actively nor materially participating. Assuming this is my only passive activity and I hold it for more than one year, the losses will only be allowed to be deducted when I disposed of this investment. If I disposed of this investment at a net gain will this be a long term capital gain or ordinary income? Your time and advice are greatly appreciated. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| disposition, investment, passive |
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