s**********n
发帖数: 868 | 1 I bought 100 shares of ABC @ $20.00 on 1/1/2009
I sold 100 shares of ABC @ $15.00 on 10/1/2009
I bought 100 shares of ABC @ $15.00 on 10/15/2009 (causing wash sale)
I sold 100 shares of ABC @ $10.00 on 5/1/2010
Should I claim short-term loss or long-term loss?
Thanks. |
s********n
发帖数: 1962 | 2 I googled "wash sale long-term loss" and I found this:
"When you make a wash sale, your holding period for the replacement stock
includes the period you held the stock you sold. This rule prevents you from
converting a long-term loss into a short-term loss."
which makes sense to me.
【在 s**********n 的大作中提到】
: I bought 100 shares of ABC @ $20.00 on 1/1/2009
: I sold 100 shares of ABC @ $15.00 on 10/1/2009
: I bought 100 shares of ABC @ $15.00 on 10/15/2009 (causing wash sale)
: I sold 100 shares of ABC @ $10.00 on 5/1/2010
: Should I claim short-term loss or long-term loss?
: Thanks.
|
s**********n
发帖数: 868 | 3 Oh, I see. Thank you.
from
【在 s********n 的大作中提到】
: I googled "wash sale long-term loss" and I found this:
: "When you make a wash sale, your holding period for the replacement stock
: includes the period you held the stock you sold. This rule prevents you from
: converting a long-term loss into a short-term loss."
: which makes sense to me.
|
K****D
发帖数: 30533 | 4 Long term.
Short term or long term loss doesn't make a difference in a year
when your total capital gain is negative (after any previous-year
loss rollover).
【在 s**********n 的大作中提到】
: I bought 100 shares of ABC @ $20.00 on 1/1/2009
: I sold 100 shares of ABC @ $15.00 on 10/1/2009
: I bought 100 shares of ABC @ $15.00 on 10/15/2009 (causing wash sale)
: I sold 100 shares of ABC @ $10.00 on 5/1/2010
: Should I claim short-term loss or long-term loss?
: Thanks.
|
s**********n
发帖数: 868 | 5
Really?
Do you mean that in this situation the tax benifit is always at the marginal
tax rate no matter it's long term or short term?
【在 K****D 的大作中提到】
: Long term.
: Short term or long term loss doesn't make a difference in a year
: when your total capital gain is negative (after any previous-year
: loss rollover).
|
K****D
发帖数: 30533 | 6 Yup, with a deduction cap of $3000.
marginal
【在 s**********n 的大作中提到】
:
: Really?
: Do you mean that in this situation the tax benifit is always at the marginal
: tax rate no matter it's long term or short term?
|
s**********n
发帖数: 868 | 7 Oh, I see.
I claimed net loss on both long-term and short-term last year, and I
followed the worksheet and found that they were both deductible on marginal
tax rate. I was really confused since I didn't know this rule.
【在 K****D 的大作中提到】
: Yup, with a deduction cap of $3000.
:
: marginal
|
K****D
发帖数: 30533 | 8 LT/ST only have a difference if you have a net capital gain
that year.
For me, in the foreseeable future I don't need to worry about
this LT/ST thing, since I still have a huge capital loss
accumulated since 2008...
marginal
【在 s**********n 的大作中提到】
: Oh, I see.
: I claimed net loss on both long-term and short-term last year, and I
: followed the worksheet and found that they were both deductible on marginal
: tax rate. I was really confused since I didn't know this rule.
|
