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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 else can I help you with?
Does treasury stock go on the balance sheet?
yes it goes under Stockholders Equity and it is a deduction to the equity account.
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.
When does the unlimited marital deduction apply when there is an out right bequest of stock?
The unlimited marital deduction applies when one spouse bequeaths property, such as stock, to the other spouse at death without incurring federal estate tax. This deduction enables the transfer of assets between spouses to occur without tax consequences, provided the recipient spouse is a U.S. citizen. However, if the bequest is made to a non-citizen spouse, the unlimited marital deduction does not apply, and there are different rules regarding the amount that can be transferred tax-free.
If Unlimited marital deduction applies when there is an outright bequest of stock to who?
The Unlimited Marital Deduction applies when there is an outright bequest of stock to a surviving spouse. This allows the value of the stock to pass to the spouse without incurring federal estate taxes at the time of the decedent's death. The surviving spouse can then choose to hold, sell, or otherwise manage the stock, and any future appreciation in value will be taxed only upon their death. This provision encourages the transfer of wealth between spouses without immediate tax implications.
If you sell a stock for higher than you bought what do you have to claim on you taxes?
capital gains
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.
Do you have to claim stock?
No. You buy stock or options. You do not claim them
What is the impact of stock offset on my paystub?
Stock offset on your paystub refers to the deduction of the value of company stock you receive as part of your compensation. This deduction can reduce your take-home pay, as the value of the stock is subtracted from your overall earnings. It is important to be aware of this impact on your paystub to understand how it affects your total compensation.
What are the wash rules for trading stocks in order to comply with tax regulations?
The wash sale rule in trading stocks means you can't claim a tax deduction if you sell a stock at a loss and buy it back within 30 days. This rule is in place to prevent people from manipulating their tax liabilities through artificial transactions.
How do you redeem Stone Webster stock?
Stone Webster stock can be redeemed by contracting the Securities Department of the company. They work on a commission basis for those who either want to buy or sell the stock.
Who can receive an unlimited marital deduction when there is an outright bequest of stock?
An unlimited marital deduction can be received by a surviving spouse when there is an outright bequest of stock, regardless of the value of the bequest. This allows the transfer of assets between spouses to occur without incurring federal estate taxes at the time of transfer. The surviving spouse must be a U.S. citizen to qualify for this deduction. If these conditions are met, the bequest of stock can be transferred tax-free to the surviving spouse.
Does treasury stock go on the balance sheet?
yes it goes under Stockholders Equity and it is a deduction to the equity account.
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.
What is a certificate representing a claim to part of a share of stock?
Scrip
A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes?
A man bought abc stock at 19.65 per share and it sold at 23.25 per share what was his profit on 80 shares before deduction for commissions and taxes the answer is 288.00
Describe what a preferred stock is.?
A preferred stock is a stock where a public traded company or industry owns most of the stock. Preferred stocks have a claim on capital in the event of complete liquidation.
