Do I need to pay capital gains tax?

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oem7110
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Do I need to pay capital gains tax?

Post by oem7110 » Wed Apr 14, 2010 12:20 am

In U.S., for tax reasons at the end of year, do individual investors, who are income tax-sensitive, need to sell stocks before Dec in order to claim a capital loss for receiving tax deduction?
If they hold the losing capital through Dec without selling them, will they able to to receive tax deduction?
On the other hand, if Investors are making profits, then will they need to pay capital gains tax if they hold their capital without selling them?
Does anyone have any suggestions?
Thanks in advance for any suggestions
Eric

LeviF
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Post by LeviF » Wed Apr 14, 2010 1:25 am

You sure ask a lot of frickin questions.

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oem7110
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Post by oem7110 » Wed Apr 14, 2010 1:33 am

Investment is a very big topic, and you need to know everything in order to protect your capital.
:D

7432
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Post by 7432 » Wed Apr 14, 2010 10:11 am

are there individual investors that aren't income tax sensitive?

anyway, important topic and worth paying a tax lawyer to explain the issues to you.
for stocks, you can claim mark to market status with the irs and pay taxes on your monthly statement gains and losses.
or you can leave it as is and pay taxes only when you exit a trade.

google can help so at least you know what to ask before you make an appointment.
here's one of the links that came up
http://www.greencompany.com/EducationCe ... cMTM.shtml

oem7110
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Post by oem7110 » Thu Apr 15, 2010 12:34 pm

Thank everyone very much for suggestions
Eric

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