Long term loss deduction

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2 total messages Started by tml Wed, 16 Jul 1986 13:44

#1174

Author: tml
Date: Wed, 16 Jul 1986 13:44

8 lines
838 bytes

Under the new proposed tax laws, are long term losses 100% deductable?  I read
somewhere that this may be the case.  I have some stock I want to sell at
a big loss, and wonder if I should sell it this year (under the current
tax laws) or wait until next.

                                      Thanks in advance,

                                      Tim Larison  ihnp4!druhi!tml

Re: Long term loss deduction

#1175

Author: jld
Date: Thu, 17 Jul 1986 11:51

12 lines
1156 bytes

> Under the new proposed tax laws, are long term losses 100% deductable?  I read
> somewhere that this may be the case.  I have some stock I want to sell at
> a big loss, and wonder if I should sell it this year (under the current
> tax laws) or wait until next.
> 
>                                       Thanks in advance,
> 
>                                       Tim Larison  ihnp4!druhi!tml

If you are going to be in the 27% bracket under the new proposal, by all means
wait until next year.  There is one kicker, however.  Congress still has set a
$3000 limit on the amount of capital losses you can deduct in a given year.

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