Archive for August 3rd, 2008
Bad Investments Can Be Good Tax News
Plummeting stock prices can cast a dark cloud over anyone’s finances. However, at tax time, these capital losses can produce a ray of write-off sunshine.
When you sell any pharmaceutical flops or biotech blunders, you can use them to offset gains from more successful ventures — or even a portion of your everyday income.
A capital [...]
Posted: August 3rd, 2008 under Income Taxes, Money, Personal Finance.
Tags: Adjusted Basis, Biotech Blunders, Capital Losses, Consolation Prize, Dark Cloud, Internal Revenue Service, Key Point, Losers, Market Tanks, Personal Use, Proceeds, Short Term Capital Gain, Stock Market, Stock Prices, Stock Tanks, Surprise Winners, Tax News, Tax Time, Taxable Income, Taxman, True Loss
Comments: none