tag:blogger.com,1999:blog-4402283548766807872.post5526565781900035628..comments2024-03-29T02:47:49.234-04:00Comments on The Blunt Bean Counter: Tax Loss Selling - 2017 VersionThe Blunt Bean Counterhttp://www.blogger.com/profile/11358868550072516313noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4402283548766807872.post-65087350518381212972017-12-15T19:20:35.365-05:002017-12-15T19:20:35.365-05:00Hi Anon
I do not provide investment advice, so I ...Hi Anon<br /><br />I do not provide investment advice, so I cant help you re whether to sell now or in 2018<br /><br />If you sell stocks in 2018, you would have to wait until you file your 2018 return and if you still have a capital loss after netting your capital gains against those losses, you can file a T1a form to carry the loss back to 2017, but again, not done until you file your return for 2018The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-7414163595724420832017-12-15T16:43:13.994-05:002017-12-15T16:43:13.994-05:00Suppose you have a large capital gain in 2017. If ...Suppose you have a large capital gain in 2017. If you have stocks that you want to sell but the price is extremely low in tax loss selling season, if you wait till the price is better (maybe 15%-20%)and sell it in say January, could you still use that loss against the capital gain in 2017? I guess you would have to pay tax on your capital gain in 2017 but then would do an adjustment after you filed your 2018 taxes to use that loss against the 2017 income? Does that make sense or would you be better to sell the stocks at the lower prices in 2017? Thanks for your input.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-55716402679649588282017-11-20T23:50:18.724-05:002017-11-20T23:50:18.724-05:00correct, TFSA does not factor in.correct, TFSA does not factor in.The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-72768120239442063742017-11-20T12:05:37.878-05:002017-11-20T12:05:37.878-05:00When you talk about the ACB over multiple accounts...When you talk about the ACB over multiple accounts, what about if you hold the same stock in a taxable account and a TFSA? I am guessing you just use the ACB in the taxable and not the TFSA but can you confirm?Suehttps://www.blogger.com/profile/18338893141269450580noreply@blogger.com