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If you lost money on a financial institution stock can you claim it as a loss?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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What are the main nondeposit financial institutions?
One type of financial institution that is nondeposit is insurance companies. Another example is the stock market which facilitates the movement of money.
Which financial institution allows companies to raise money by selling shares of their company to others?
The stock market allows companies to raise money by selling shares of their company to others.
Where can one get WFC stock quotes?
WFC stock quotes can be found can be found online. Or you can discuss stock quotes with a financial advisor at financial institution. Most banks would have this information.
How do you use the word financial institution in a sentence?
Major financial institutions include banks, insurance companies, and stock brokerages.
What would happen to the US standard of living if people lost faith in the safety of your financial institution?
it will affect their stock exchange market,devaluation of currency,
Which financial institution oiriginated from a money dealers bench or table?
the stock market
What are the main nondeposit financial institutions?
One type of financial institution that is nondeposit is insurance companies. Another example is the stock market which facilitates the movement of money.
Which financial institution allows companies to raise money by selling shares of their company to others?
The stock market allows companies to raise money by selling shares of their company to others.
Where can one get WFC stock quotes?
WFC stock quotes can be found can be found online. Or you can discuss stock quotes with a financial advisor at financial institution. Most banks would have this information.
How do you use the word financial institution in a sentence?
Major financial institutions include banks, insurance companies, and stock brokerages.
What type of risks do financial institution face?
There are three major risks that financial institutions face - fluctuations in interest rates, stock prices and foriegn exchange rates.
Do you have to claim stock?
No. You buy stock or options. You do not claim them
What is the difference between financial instrument and financial markets?
A financial market is where all the stock trading takes place and investments in stocks, shares and IPOs takes place while a financial institute can be a bank, a brokerage house or a currency exchange office.
What would happen to the US standard of living if people lost faith in the safety of your financial institution?
it will affect their stock exchange market,devaluation of currency,
Where can one find more information about stock market performance?
The best place to find out more information regarding stock market performance is by visiting your local financial institution. You can also check your daily newspaper.
How can a change in interest rates affect the profitability of financial institutions?
A change in interest rates affects the cost of acquiring funds for financial institution as well as changes the income on assets such as loans, both of which affect profits. In addition, changes in interest rates affect the price of assets such as stock and bonds that the financial institution owns which can lead to profits or losses.
What problem of raising money to settle the New World led English merchant-capitalists to create the institution of?
Joint Stock Company
