Discussion:Decline in Value of Stocks

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Discussion Forum Index --> Consumer Questions --> Decline in Value of Stocks

Klomillo (talk|edits) said:

8 April 2009
my client invested in 2008 100k in stocks. the value of the stocks as of 12/31/08is only 61K. can the loss be deducted? if so, in what form should i enter it?

kennedy

Deback (talk|edits) said:

April 8, 2009
No

N/A

Death&Taxes (talk|edits) said:

9 April 2009
To deduct the loss, 'you have to know when to fold them.' And he didn't.

Next Question.

Chris2lane (talk|edits) said:

April 9, 2009
Klomillo you may be better off taking a tax course before next year so your clients can be best served. What you described is merely a paper loss, nothing can be done about it. Losses on stocks are only reflected when they are sold/exchanged.

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