Capital losses

December 7th, 2009

The markets did bounce back from the brutal beating they took, but you may still have some losers in your portfolio. Ā If so, consider selling them now before the end of the year, and using those losses to offset other capital gains you may have. Ā Capital losses can also be carried back up to three years, or carried forward indefinitely.

Filed under: Personal Tax by David Boese No Comments »