close
    stock purchased on 3/20/2008 for 40,000; sold on 9/15/2008 for 25,000; can this loss be deducted in full as business loss or otherwise on 2008 return?

    0  Views: 365 Answers: 2 Posted: 14 years ago

    2 Answers

    The rest of the loss is carryed over at $3000 each year until gone.
    U can only take a $3000 loss on stock.


    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18061 / Questions: 154
    Karma: 1102K
     
    Colleen
    Answers: 47269 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11322 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2392 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    hitclubtheparkroyal
    Answers: 0 Views: 9 Rating: 0
    1nhacainet88
    Answers: 0 Views: 6 Rating: 0
    zo88uscom
    Answers: 0 Views: 6 Rating: 0
    sao789commx1
    Answers: 0 Views: 7 Rating: 0
    w88top
    Answers: 0 Views: 10 Rating: 0
    kuwin88com
    Answers: 0 Views: 10 Rating: 0
    > More questions...
    487747
    questions
    724535
    answers
    819302
    users