The components may include long-term capital loss, short-term capital loss
, ordinary loss from operations, and investment-interest expense, and may also include items of income.
If you are losing money on an equity holding, you can put it to good use by selling within a year to book short-term capital loss
They interpret this result as consistent with price reversal following a tax induced, year-end sell-off intended to ensure short-term capital loss
The company sold three of the notes and reported a net short-term capital loss
for 1990 of approximately $85 million.
An investment gone wrong will result in a short-term capital loss
In a somewhat related issue, consider what would happen if the mutual fund generated a net short-term capital loss
instead of a short-term gain of $2,000 in the above example.
Short-term capital losses
(including short-term capital loss
carryovers) would offset short-term capital gains.
An opposite and less desirable result that might occur because of a wash sale is the conversion of a short-term capital loss
into a long-term capital loss.
Under Internal Revenue Code section 166(d), a nonbusiness bad debt deduction is treated as a short-term capital loss
, the value of which depends on the lender's investment and tax situation.
856(e)) would not be qualified income under the 75% income test; (3) long-term capital gain; and (4) short-term capital gain to the extent of short-term capital loss
A business bad debt is an ordinary loss deduction; a nonbusiness bad debt is a short-term capital loss
This resulted in a short-term capital loss
of $5,663 and a long-term capital loss of $2,000 for the Technology fund and a short-term capital gain of $9,984 and a long-term capital loss of $4,708 for the Summit fund.