Long Term & Short Term Capital Gains Tax Rate 2011, 2012
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Uploader Comments (HarborFinancial)
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What about Stocks and mutual funds We have several that we sold recently
that we have held for up to 25 years How do you calculate gain/loss after several splits and in some cases new company ownership or buyout
ex GTE stock ESOP 1985 want to sell now it is Verizon for quite a few years
In most cases we have the statements to get the value when purchased and sold.... I used Turbo Tax but have never done stock long term captia loss/gain
Thanks
Greg
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just send me a message when you respond to this.
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is there a cap on the amount you can deduct for capital loses?
cilva7able 2 years ago
Yes. $3,000 per yr. You can carry additional losses to future years though.
HarborFinancial 2 years ago