Discussion:Decline in Value of Stocks
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| Revision as of 12:26, 9 April 2009 Death&Taxes (Talk | contribs) (To deduct the lo) ← Previous diff |
Current revision Chris2lane (Talk | contribs) (Klomillo you may) |
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| + | {{ForumReplyPost|UserID=Chris2lane|Date=April 9, 2009|Text=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.}} | ||
Current revision
Discussion Forum Index --> Consumer Questions --> Decline in Value of Stocks
| 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 | |
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. | |
