The Pandemic Might Let You Take 2020 Stock Losses Against 2019 Capital Gains

The Pandemic Might Let You Take 2020 Stock Losses Against 2019 Capital Gains

The President’s disaster declaration opens a window to unusual tax claims

Eyeing losses

Getty

Are you reporting net capital gains on the 2019 tax return you’re about to file? Have you already taken, or could you take, losses this year on bad stocks? Then you should visit your accountant for another look at Section 165(i) of the tax code.

That’s the advice that clients are getting from Bill…

View On WordPress