Sentences with phrase «loss for tax purposes»

This leads some investors to dump their losers near year - end, simply to establish a capital loss for tax purposes, to offset a capital gain.

Your casualty loss for tax purposes may be different from the dollar amount of damage done.

In essence, it is an investment set up to produce near - term losses for tax purposes by means of borrowing without positive cash flow.

A tax loss sale is the sale of an investment to capture an investment loss for tax purposes.

If the value of an account is below its cost basis, investors can sell their shares and claim a capital loss for tax purposes.

You casualty loss for tax purposes is $ 100,000.

They'll swap tax lots with losses with a pre-selected similar index fund of the same asset class, which enables them to bank losses for tax purposes without changing the portfolio.

Under the rules for deducting inventory shrinkage losses for tax purposes, a firm may incorporate the loss into COGS or report it separately.

If you have a net loss on paper at the end of the year, you have a net loss for tax purposes, though you haven't sold your positions and today's paper losses might turn into gains next year.

So why not sell at least some of your VRX holding, capture ST loss for tax purpose and then decide to buy the shares back or not after 30 days?

The wash sale rule disallows losses for tax purposes.

This rule states that if an investor, their spouse or a company they control, buys back a stock or mutual fund within 30 days of selling it, then they are not permitted to claim the capital loss for tax purposes.

In addition, the amount of the fund's income distributions will vary over time and the breakdown of returns between fund distributions and liquidation proceeds will not be predictable at the time of your investment, resulting in a gain or loss for tax purposes.

In March, the cryptocurrency exchange unveiled a tool that calculates crypto gains and losses for tax purposes.

In addition, the amount of the fund's income distributions will vary over time and the breakdown of returns between fund distributions and liquidation proceeds will not be predictable at the time of your investment resulting in a gain or loss for tax purposes.

A: Well, you'd save on trading commissions compared to if you just sold off your investments and bought them in a TFSA, but you can't claim a loss for tax purposes — if there was one.

If you transfer a stock in kind to a TFSA after it has gone down, Heath points out, you can not claim the loss for tax purposes.

This rule states that if an investor, their spouse or a company they control, buys back a stock or mutual fund within 30 days of selling it, they are not permitted to claim the capital loss for tax purposes.

Say i sell these at a loss (no intentions of claiming it as a loss for tax purposes, i understand that part) and withdraw the money... can i re-contribute the initial 15,000 in the following year or am i now downgraded to an allowable 11,000?

«If you have investments in taxable accounts that are worth less than you paid for them, you may be able to realize those losses for tax purposes without affecting your allocation,» said Curry.

By selling the stocks with losses, she realizes their loss for tax purposes.

You can't report a loss for tax purposes without changing your investment position.

Selling a security for the sole purpose of generating a loss for tax purposes.

Would selling the stock and then exercising the rights a month later would qualify as a loss for tax purposes?

The IRS disallows the recognition of the loss for tax purposes in such cases.

If there is a loss on those stocks, you can not claim that loss for tax purposes with an in - kind transfer.

On the other hand, if the stock you want to transfer into your TFSA has fallen in value you can not claim the loss for tax purposes.

I understand that'll make it a loss for tax purposes and i'll pay zero tax on the income, but do i have to claim everything anyway, or can i just claim enough expenses to cover the amount i'd have been taxed?

I made the right move by letting my shares get called away so I could take the losses for tax purposes and now am eyeing the August 17.50 naked puts.

Since SPLP units represent an interest in a limited partnership, unitholders receive a K - 1 after the conclusion of the partnership's fiscal year showing interest in gains and losses for tax purposes.

If the amount an investor receives as liquidation proceeds upon the Fund's termination is higher or lower than the investor's cost basis, the investor may experience a gain or loss for tax purposes.

The January Effect occurs because many investors choose to sell some of their stock right before the end of the year in order to claim a capital loss for tax purposes.

WestJet submitted a report of accountant Brenda Pask which confirmed that, while it had been showing a profit for accounting purposes, it had been reporting a loss for tax purposes.

In March 2014, the IRS began issuing guidance for the taxation of cryptocurrency, which they treated as a property that had capital gains or capital losses for tax purposes.

Residents need to present a full list of their transactions to provide evidence of income or loss for tax purposes.

Are there any creative strategies I can use to show this house being sold at a loss for tax purposes?

If an investor is able to meet the criteria set forth in Section 1031 and reinvests the proceeds from a sale of commercial real estate into other property of «like - kind,» then the investor is not considered to have received a gain or loss for tax purposes.