Comments on: Year-End Tax-Saving Move: Reduce Capital Gains http://www.consumerismcommentary.com/year-end-tax-saving-move-reduce-capital-gains/ A premier 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. Mon, 13 Feb 2012 03:52:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Flexo http://www.consumerismcommentary.com/year-end-tax-saving-move-reduce-capital-gains/comment-page-1/#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/year-end-tax-saving-move-reduce-capital-gains/comment-page-1/#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?

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