close
    i bought gold for 50,041.53 and sold it for 31000.00 can i claim it on my taxes as a loss

    0  Views: 334 Answers: 2 Posted: 13 years ago

    2 Answers

    Where in the word would you lose money on gold? Everything I've seen has been gold prices going up!

    Clonge

    You never heard the expression, "Buy high and sell low"? (lol)In any event, if it did take such a tumble, it was a long time ago, far too long to file amended US and state, (assuming she has US responsibility), if applicable, Income Tax returns.

    Taxes where?



    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

    Happy One
    Answers: 0 Views: 6 Rating: 0
    Japan Airlines
    Answers: 0 Views: 8 Rating: 0
    tr88zcom1
    Answers: 0 Views: 8 Rating: 0
    Cwin1 de
    Answers: 0 Views: 9 Rating: 0
    Concrete Creations Ltd.
    Answers: 0 Views: 12 Rating: 0
    xx88casinored
    Answers: 0 Views: 5 Rating: 0
    > More questions...
    524718
    questions
    758345
    answers
    871160
    users