Posted On: 12/16/2015 6:29:15 PM
Post# of 75078
let's say that one has a 10k loss for all stocks combined
3000 can be written off while 7000 gets carried into next year.
(and one should consider not trading)
another case.
let's say that one has a 10k loss on ABC stock
and a gain of 40k on CDE stock.
then the reported number is 30k gain
and yet, one more case,
if one has changed their accounting methods to mark-to-market, then wash sales do not apply.... but you are still limited in reporting a 10k loss (3k loss, 7k carry forward)
3000 can be written off while 7000 gets carried into next year.
(and one should consider not trading)
another case.
let's say that one has a 10k loss on ABC stock
and a gain of 40k on CDE stock.
then the reported number is 30k gain
and yet, one more case,
if one has changed their accounting methods to mark-to-market, then wash sales do not apply.... but you are still limited in reporting a 10k loss (3k loss, 7k carry forward)
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