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View Poll Results: Do you have capital loss carryforwards and/or current positions carried at a loss?
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YES
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80 |
76.92% |
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NO
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24 |
23.08% |
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Poll-Do You Have Capital Loss Carryforwards, Or Investments In A Loss Status?
04-14-2011, 03:17 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Poll-Do You Have Capital Loss Carryforwards, Or Investments In A Loss Status?
I thought this might give a good idea of any lingering effects of 2008-2009 on our portfolios.
I am happy to say that I have neither-I had realized gains in early to mid-2008, and I offset much of them with losses realized in late 2008. Currently my taxable account has no losing positions, which is kind of unusual and I think suggests that the market may be extended, regardless of what the pundits might say.
Ha
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04-14-2011, 04:18 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,303
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We had an $8,604 loss in 2008, used our $3,000 limit in 2008, $3,000 in 2009 and remaining $2,604 in 2010. Not that I'm looking for another loss to work with...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-14-2011, 04:21 PM
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#3
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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My capital loss carryovers from 2008-2009 are gone and no investment is currently showing a loss.
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04-14-2011, 04:32 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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I just filed, took my 3000 and still have 30K to carry forward from TLH in 2008.
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04-14-2011, 04:34 PM
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#5
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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I sold some stock pretty low so I still have five years left of capital loss carryovers . I know what was I thinking . It was along the line of Oh sh-t I might have to go back to work ! 
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04-14-2011, 04:53 PM
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#6
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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I can only hope that I have enough gains in the next 20 years to offset the
losses that I have secured 
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04-14-2011, 05:17 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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I accomplished the final pieces of a multi-year plan for portfolio consolidation and fund count reduction to eliminate some high expense ratio funds and simplify. I took $10K of capital loss. I used $3K for each of 2009 and 2010 tax returns. I have some remaining carryover loss to use for 2011.
I do not think I will need to do any TLH for 2011. Just letting things ride... 
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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04-14-2011, 05:33 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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I judiciously harvested every loss possible. I avoid selling at a gain in my taxable account. Overall, I have a few hundred thousand dollars in carryover losses.
I try to make sure I start every year with no unrealized losses. I do not want losses to be recovered by sitting on them. I want them harvested and used in the future.
See also http://www.early-retirement.org/foru...tml#post583857
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04-14-2011, 05:39 PM
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#9
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Thinks s/he gets paid by the post
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,873
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Still have $15k in losses to carry forward. Racked them up in 2008. Part of me realizes that they will be more valueable in the future but I would rather use them up. I was working on that in 2010 but I think I will not focus on that any more.
__________________
Free to canoe
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04-14-2011, 05:57 PM
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#10
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Full time employment: Posting here.
Join Date: Jan 2011
Posts: 586
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Took a 6000 loss in 2008, deducted 3000 and carried over 3000.
Took more losses in 2009, deducted 3000 and carried over 20000.
For 2010, I deducted 1400 and nothing carried over.
All investment are in the black (some lots are negative but DCA worked for me.)
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04-14-2011, 06:31 PM
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#11
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Moderator Emeritus
Join Date: Oct 2007
Location: Portland
Posts: 4,946
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Realize those losses, and carry them forward. After 2009, I doubt I'll ever pay capital gains tax again... 
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04-14-2011, 06:37 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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I find this loss carryover system unnecessarily confusing and complex, so from now on I'm not going to have any losses.
__________________
Al
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04-14-2011, 06:39 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by TromboneAl
I find this loss carryover system unnecessarily confusing and complex, so from now on I'm not going to have any losses.
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Ahem.
Maybe you should concentrate on riding and practicing instead.
__________________
Numbers is hard
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04-14-2011, 06:46 PM
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#14
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,356
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Didn't do badly at all in the recent crunch, but alas, I still have a little unused loss from 2002. I learned my lesson from that one, and have been extremely defensive since then. With a 55% equity position, I'd better be defensive!
__________________
I thought growing old would take longer.
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04-14-2011, 07:01 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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This is an interesting poll. I voted "yes", but.... not because of '08 losses. Believe it or not, I am still in the process of writing off losses from back in the dot-com bust  . How can that be? I was too naive to realize that hanging on to shares that had fallen to essentially nothing and not claim the losses was doing me no good at all. So I finally sold at a considerable drop in price in '07.
The stocks I had in '08 are now either above or close to even to where they were then.
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04-14-2011, 07:02 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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I have enough loss carry forwards to last me for years. And I do have a couple of shipping stocks I'm holding at a loss.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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04-14-2011, 07:15 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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I didn't get to add to them this past year but still have ~ $63k to carry forward.
DD
__________________
At 54% of FIRE target
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04-14-2011, 07:16 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,671
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Same here. Spiraled my way down through the spring of 2009. In addition to booking all the losses I was able to consolidate a lot of things and simplify the basis into single lots.
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04-14-2011, 07:18 PM
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#19
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Recycles dryer sheets
Join Date: Mar 2011
Location: Brooklyn, NY
Posts: 197
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I have $25K loss carryover for past 2 years on my own investment account. I didn't do anything with my 401K account but I panic with my own stock picks and one of them was VG, Vonage. I wanted to buy more when it was about 50 cents but was shell shock from free fall. I don't envy fund managers. Must be very a stressful job.
__________________
The time to take counsel of your fears is before you make an important battle decision. That’s the time to listen to every fear you can imagine! When you have collected all the facts and fears and made your decision, turn off all your fears and go ahead! – General George S. Patton
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04-14-2011, 07:24 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,328
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I realized some losses in taxable this year that I balanced with offsetting equity purchases in IRAs (not technically wash purchases). I took the $3K and passed another few K forward.
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Idleness is fatal only to the mediocre -- Albert Camus
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