Taxable Capital Loss
September 7th, 2010Question: answe this pls?
Assume that a client has $12,000 of capital gains and $15,000 of capital losses in any
one taxable year. How much unused loss, if any, is carried forward to the following tax year of the client?
a. -0-b. $3,000 c. $12,000 d. $15,000Answer: It would be A. The $3000 loss would be used this year, which would put you at 0.
| | IRS provides guidance on pre-ownership change capital contributions.: An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 2008. The length of the article is 676 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: IRS provides guidance on pre-o... |
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