Get Software Career Advice FREE.

Tuesday, September 23, 2008

About Taxes: Dealing with Losses in the Financial Markets

About.com    Taxes
In the Spotlight | More Topics |
  from William Perez
No one likes to lose money, but with turbulence in the financial markets, many people have seen their investments lose significant value. Learn more about different types of losses and how they impact your taxes.

 
In the Spotlight
Taking a Loss on the Stock Market
Stocks, bonds, and mutual funds sold at a loss are called capital losses. They first offset any capital gains from securities you sold. Any net capital loss (in excess of your gains) is tax-deductible up to $3,000 per year. The loss is deductible only if you sell, and this may make sense as part of an overall plan to rebalance your investment portfolio.

 
           More Topics
Claiming Bank Deposit Losses
When banks fail, depositors are usually repaid through the Federal Deposit Insurance program. Any uninsured deposits might lose value. And those losses can be deducted on a tax return as a casualty loss.

 
Casualty and Theft Losses
People and businesses suffering the loss of property from natural disaster can claim a casualty loss. Like other deductions, there's various limitations built into how much of a loss can be claimed. For taxpayers in presidential disaster areas, there's an extra twist where the casualty deduction can be claimed on last year's tax return as a way to get an extra refund faster to help recover.

 
 
Sponsored Links
 
Lose Weight Together
Calorie Count Groups
Join a group on Calorie Count today and track your progress with people like you. Find groups by age, location, weight loss interests and much more!

Advertisement
 
 
Visit Related About GuideSites:
Search About   

 
Sign up for more free newsletters on favorite topics.

You are receiving this newsletter because you subscribed to the About Taxes newsletter as lemmetry@GMAIL.COM. If you wish to change or remove your email address, please visit:
http://www.about.com/nl/usgs.htm?nl=taxes&e=lemmetry@GMAIL.COM

About respects your privacy. Our Privacy Policy.

Our Contact Information.
249 West 17th Street
New York, NY, 10011

© 2008 About, Inc.

Buy Vmware Interview Questions & Storage Interview Questions for $150. 100+ Interview Questions with Answers.Get additional free bonus reference materials. You can download immediately even if its 1 AM. You will recieve download link immediately after payment completion.You can buy using credit card or paypal.
----------------------------------------- Get 100 Storage Interview Questions.
:
:
500+ Software Testing Interview Questions with Answers are also available plz email roger.smithson1@gmail.com if you are interested to buy them. 200 Storage Interview Questions word file @ $97

Vmware Interview Questions with Answers $100 Fast Download Immediately after payment.: Get 100 Technical Interview Questions with Answers for $100.
------------------------------------------ For $24 Get 100 Vmware Interview Questions only(No Answers)
Vmware Interview Questions - 100 Questions from people who attended Technical Interview related to Vmware virtualization jobs ($24 - Questions only) ------------------------------------------- Virtualization Video Training How to Get High Salary Jobs Software Testing Tutorials Storage Job Openings Interview Questions

 Subscribe To Blog Feed

Get Secret Video for FREE on How To Make Money

Many of you search for a way to make money online. Here is a Simple,EASY & FREE way to learn How to make Money Online. You can make money online if you just have a service or a product which can be sold or you can have money because of some simple things like writing articles, creating content etc. With all those things you might make just few hundred dollars a month. But if you go through this link "Search Engine Optimization" you can make a lot more money. Since using Search Engine Optimization you can get hundreds of visitors who are very much looking for the service or product you are selling. This is FREE hence I am writing about it go here "FREE Secrets to Make Money Online" This is not some cheap ebook they are going to send you a Video DVD along with lot more for almost FREE & this DVD has several Videos which explain how to make money online. Go here Order for FREE watch this Video you will know this thing which they are giving away for FREE is worth a thousand dollar. This product is from the industry leading team called Stompernet . Lots of people pay them to get the same secrets. ------ Subject: "Stomping the Search Engines 2" and "The Net Effect" for HOW MUCH? Hey Andy Jenkins has finally given me the all-clear to spill the beans on this insane offer that StomperNet has cooked up. Tomorrow, Sept. 3rd at 3pm Eastern, you can get StomperNet's big daddy expert SEO Video Course, "Stomping the Search Engines 2"... for FREE. That's right. FREE. All you need to do is just TRY their new monthly printed Action Journal called "The Net Effect" - and guess what?... You get the PREMIER ISSUE of "The Net Effect" for FREE TOO! You don't pay one penny more than Shipping and Handling unless you LOVE it and want to get issue 2 a month from now. That's NUTS. They are betting the FARM that you will LOVE this stuff and stick around for more. That takes GUTS, and and HUGE confidence in the quality of their stuff. But then again, it's StomperNet. I've SEEN the stuff, and can vouch. It would be worth FULL PRICE. But for FREE? You'd be FOOLISH not to check this out. Don't believe it? Watch this video they've released to the public. No fooling - this is a FOR-REAL DEAL. https://member.stompernet.net/?r=1324&i=68 This MIGHT just change your online business fortunes... forever. P.S. There's no hint of scarcity here - they've got tons of BOTH products ready to ship. But still - be there EARLY. If I hadn't already gotten my "insider" review copy, I'd be the FIRST one on this page tomorrow.