InvestorsHub Logo

uwlungman

09/12/07 8:35 PM

#26653 RE: Fairly_New #26652

Tax losses are of no use to me...
I retired last year and found that my retirement income is well below the standard deductions I receive for the four of us. Had a about 6,000 in capital losses last year and wasn't able to gain anything from them. Had to use $3000 worth so that was just money down the drain. That's why I won't sell anything again--capital losses are worthless for tax purposes if you don't have the income to offset them. Lesson learned but too late, as usual.