Today's Market

updated 1 day ago Sponsored by:
DOW 15,354.40 121.18 0.80%
S&P 500 1,667.47 17.00 1.03%
NASD 3,498.97 33.73 0.97%

Community: Investing Wiki

Term Of The Hour

Long term losses: Original post by Jeff Franco of Demand Media The tax law classifies the stocks you own as capital assets, and they are subject to the capital gains tax rules. Since the Internal Revenue Service treats your stocks as investment property, selling them at a loss allows you to claim a deduction each tax year, regardless of whether your holding period is short or long-term. However, the deduction is…

Want to learn more or edit this definition?
Click here to read more!