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
Do I need to pay capital gains tax?
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
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