Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
preface: i am not a CPA, just a average joe trying to help someone on a forum
Generally speaking, YES, a stock sold at a loss would REDUCE the amount of taxes you owe (just like generally a...
Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
Make sure to account for the cost of buying the shares and selling them into that total.
Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
Again, not a tax professional, but I don't see how you would owe, selling at a loss. I've never purchased company stock before so I don't know how it works. Perhaps you purchased those shares with...
Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
Just to start here; I'm assuming you sold all of the stock you bought. You bought at $40 a share. The total cost of your shares is called your cost basis, i.e. what it cost you to purchase those...
Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
Answer- you wouldn't owe anything at all. In fact, the IRS might owe you some money back. You need to file Schedule D and file them as Long term sales. you need to put date of purchase with the...
Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
I had stocks in Etrade from employee stock program that I had owned for a few years.
I purchased the stock for about $40 a share and ended up selling them at a loss for about $20 a share.
I did not...
Sold stocks at a loss, schedule D, is it hard?
Expired
Thread created 01-28-2013 by Cartier
0 Score
6 Replies
1,067 Views
the loss you took is tax deductible. You record your loss on the schedule D and the yearly limit is 3k. If your losses were more than that, then you can claim 3k per year until all your losses are...
