InvestorsHub Logo
Followers 129
Posts 3721
Boards Moderated 0
Alias Born 01/02/2003

Re: Bruinfan4ever post# 75306

Wednesday, 07/28/2021 4:24:37 PM

Wednesday, July 28, 2021 4:24:37 PM

Post# of 194815
Cap Gain loss write-off.

Example: If you have $100,000 in cap gain losses from a prior year(s) and you had current year cap gains of $110,000 you could write off all $100,000 and would be left with $10,000 in cap gains that would be taxable.

If you had $100,000 in cap gain losses from a prior year and you had $20,000 in current year cap gains you could write off the entire $20K. You could ALSO write off $3,000 of the remaining cap gain loss. This would leave you with $77,000 in cap gain write-offs.

If you had cap gain losses of $100,000 and never again had any cap gains, it would take you 33 plus years of taking the $3000 per year of write-offs.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LWLG News