CPAnet Forum: Please help - EXAM TOMORROW...

Active Topics

Memberlist

Help

REG STUDY GROUP
CPAnet Forum : REG STUDY GROUP

Topic: Please help - EXAM TOMORROW... (

Topic Closed)

Author

Message

<< Prev Topic | Next Topic >>

iheartpeter
Major Contributor

Joined: 17 Mar 2009
Location: United States
Online Status: Offline
Posts: 274

Posted: 12 Jan 2010 at 18:15 \| IP Logged

I had a lot of trouble with this concept. Basically, the only losses from capital assets than an individual taxpayer can deduct are losses from stock/securities/bonds/etc. All other capital assets (personal use - not investement property) cannot be claimed as a loss. That's why we can't claim losses when we sell our cars, for example.

__________________
BEC: 80 (May 2009)
AUD: 81 (August 2009)
REG: 90 (March 2010)
FAR: 80 (May 2010)

DONE!!

Carrie...On The Cheap

Sorry, you can NOT post a reply.
This topic is closed.

<< Prev Page of 2

Printable version

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum