Re: Capital gains

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Kherson

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Re: Capital gains

in response to

Re: Capital gains

Kherson

posted on Nov 15, 2011 08:55AM

To follow up on my last post, Agoracom kicked me out before I was able to finish it.

A net capital loss can only be applied to previous year's capital gains and in fact does not lower the taxes owing for the year claimed. That is why it is important to book as many capital losses as possible in the same calendar year that you have a large capital gain...