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No not as a tax reduction. But when your 1040 federal income tax return using the schedule D of the 1040 is completed correctly and you have a capital loss on the sale of the stock it is possible that the limited amount of the loss would reduce your taxable income amount and thus could cause a reduction in your income liability when you get to the to page 2 Line 44 of your 1040 federal income tax return. Today is July 28 2010.
What else can I help you with?
Can you claim a investment loss on stock for a company that went out of business even if you did not sell the stock?
Yes. If a company goes bankrupt and, especially, if its business is liquidated, you can claim the full loss on the stock in the year the event occurred.
I bought eBay stock and have lost 85 per cent of my investment can I claim the loss on my income tax?
Not if your still holding stock. After you sell it you can claim your profits or losses.
If you lost money on a financial institution stock can you claim it as a loss?
Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.
What is likely to lead to a decrease in the price of a company's stock?
The price of a stock typically changes with demand for the stock, which results from the actions of buyers and sellers. Things that typically lead to a reduction in a company's stock price include: - a decrease in net profits - a loss of market share, or an increase for competitors - revaluation or loss of assets - loss of confidence in the company's leadership - failure of a key product, or failure to interest potential customers
Can I claim a tax deduction on stock loss when redeemed through sale?
A loss means that the stocks were sold for less than their basis (usually what you paid for them). You need to know what you paid for them and at what price they were sold. You also need to know whether the stocks are short-term (prior to the sale, you had them for one year or less) or long-term (more than one year). These losses are deductible and are reported on Schedule D(Capital Gains and Losses).
What is depopulate?
a reduction in or loss of industries.
Is loss an asset or a liability?
Neither. A Net Loss is a reduction of Equity.
What happens to a publicly traded company when its stock goes to zero?
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
What does the acronym Oil RIG stands for in chemistry?
Oil RIG stands for "Oxidation is Loss, Reduction is Gain." It is a way to remember that in a redox reaction, oxidation involves the loss of electrons and reduction involves the gain of electrons.
Can you claim for kidney loss at momentum policy?
an i claim for kidney loss at momentum life policy
The gain of electrons by an element is called what?
The loss of an electron is called oxidation. Its opposite is reduction.The loss of an electron increases the charge by +1.
What are oxidation and reduction reactions?
Oxidation is the loss of electrons by a molecule, atom, or ion, while reduction is the gain of electrons by a molecule, atom, or ion. In oxidation-reduction reactions, electrons are transferred from the substance being oxidized to the substance being reduced.
