Capital Losses Deductible?

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2 total messages Started by ashby Sun, 28 Sep 1986 18:22

#970

Author: ashby
Date: Sun, 28 Sep 1986 18:22

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I understand that capital gains (on stocks, eg) will be taxable
as regular income under the new tax plan.  But how about capital
losses?  Are they still deductible, and if so, how much?  Thanks.

Re: Capital Losses Deductible?

#981

Author: Roy Good
Date: Sun, 05 Oct 1986 00:58

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In addition to the effect of a capital loss in 1987, what about the
status of a 'capital loss carryover' from 1986 to 1987, due to 1986's
capital loss exceeding the maximum allowed? Will this be (a) taxed as
Ordinary Outcome [:)] and offset against income (b) treated as a special
item and offset at a lower tax level, as at present (c) written off
forever as a lesson to us all?

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