Comments on: Year-End Tax-Saving Move: Reduce Capital Gains http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 08 Nov 2009 07:50:42 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Flexo http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123621 Flexo Wed, 21 Nov 2007 18:36:44 +0000 http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123621 MoneyFwd: Not exactly. Your loss can be deducted from capital gains first, and then up to $3,000 of gross income. You might want to check with a tax expert... or at least plug the numbers in tax software like TurboTax. The software take care of it automatically. MoneyFwd: Not exactly. Your loss can be deducted from capital gains first, and then up to $3,000 of gross income.

You might want to check with a tax expert… or at least plug the numbers in tax software like TurboTax. The software take care of it automatically.

]]> By: MoneyFwd http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123620 MoneyFwd Wed, 21 Nov 2007 18:32:07 +0000 http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123620 I just want to get this right... If I have a short-term loss from selling stocks of $1000. I can deduct that from my yearly income, and essentially reduced by AGI by $1000? I just want to get this right… If I have a short-term loss from selling stocks of $1000. I can deduct that from my yearly income, and essentially reduced by AGI by $1000?

]]> By: End of Year Tax Planning and Finance Checklist | My Dollar Plan http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123590 End of Year Tax Planning and Finance Checklist | My Dollar Plan Wed, 21 Nov 2007 12:57:56 +0000 http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123590 [...] Tax loss harvesting: I go through our taxable accounts and sell stock that I am carrying at a loss. Flexo at Consumerism Commentary has a good description of it in Year-End Tax-Saving Move: Reduce Capital Gains. [...] [...] Tax loss harvesting: I go through our taxable accounts and sell stock that I am carrying at a loss. Flexo at Consumerism Commentary has a good description of it in Year-End Tax-Saving Move: Reduce Capital Gains. [...]

]]> By: Blog Round-up | Coddleshell http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123490 Blog Round-up | Coddleshell Tue, 20 Nov 2007 20:36:55 +0000 http://www.consumerismcommentary.com/2007/11/20/year-end-tax-saving-move-reduce-capital-gains/#comment-123490 [...] Commentary has good advice for year-end tax planning by reducing capital gains. A lot of funds like to distribute all of their capital gains right at [...] [...] Commentary has good advice for year-end tax planning by reducing capital gains. A lot of funds like to distribute all of their capital gains right at [...]

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