Hedge funds with "trader" tax status could face a worse problem: Current rules don't allow the funds to offset gains with losses before paying the 3.8% tax.
It may also be prudent to delay the sale of losing stocks until 2011, when the losses can be used to offset gains that will be taxed at the higher rate.
If confiscatory taxation limits the gains needed to offset losses, fewer people will be willing to help others avoid risks.
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Gains in the bond market may have also helped to offset some of your losses in the stock market.
Ten years ago, the losses in the heartlands of the West were offset by big gains in the South East.
However, the capital losses of the decedent spouse may be used to offset capital gains of the surviving spouse in the year of death, including those gains incurred by the surviving spouse after the decedent's death.
You can harvest any losses to offset taxable gains, and the top rate on long-term capital gains and on dividends is now just 15%.
The job losses associated with those added state taxes will offset at least some of the job gains coming from the infusion of new federal dollars into a state.
When you sell the property, the past losses can be used to offset any gains, and, if you have more passive loss write-offs afterward, you can claim them against regular income.
After that, losses from one category can be used to offset gains from the other.
Any remaining unused capital losses can be carried forward and used to offset gains in the next year, in the same order as describe above.
Foreign exchange (or Forex) investing is the solution to market risk because you can offset your losses in the stock or bond market with your gains in the Forex market.
By owning a whole market fund, losses will offset gains each year as positions are rebalanced, and so the issue may only be one where you may control the capturing of the loss, versus one where it is taken care of for you.
So you might have in a fund of funds or in a portfolio of funds, you might have one fund that has some gains and another fund that has some losses in the portfolio, which are unable to offset those for tax purposes.
The working group's proposal forbids the current practice of carrying forward gains and losses on hedges into the period of the transaction that they are designed to offset.
In calculating the 100-basis-point value, Weed assumed that losses generated by the loss-harvesting portfolio would mostly offset short-term gains elsewhere.
If there are net short-term capital losses, they are then used as an offset against the net long-term capital gains.
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