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View Poll Results: Do you have capital loss carryforwards and/or current positions carried at a loss?
YES 80 77.67%
NO 23 22.33%
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Poll-Do You Have Capital Loss Carryforwards, Or Investments In A Loss Status?
Old 04-14-2011, 04:17 PM   #1
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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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Old 04-14-2011, 05:18 PM   #2
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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...
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Old 04-14-2011, 05:21 PM   #3
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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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Old 04-14-2011, 05:32 PM   #4
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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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Old 04-14-2011, 05:34 PM   #5
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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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Old 04-14-2011, 05:53 PM   #6
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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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Old 04-14-2011, 06:17 PM   #7
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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...
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Old 04-14-2011, 06:33 PM   #8
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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 Asset allocation tutorial?
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Old 04-14-2011, 06:39 PM   #9
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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.
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Old 04-14-2011, 06:57 PM   #10
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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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Old 04-14-2011, 07:31 PM   #11
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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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Old 04-14-2011, 07:37 PM   #12
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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.
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Old 04-14-2011, 07:39 PM   #13
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Quote:
Originally Posted by TromboneAl View Post
I find this loss carryover system unnecessarily confusing and complex, so from now on I'm not going to have any losses.
Ahem.

Maybe you should concentrate on riding and practicing instead.
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Old 04-14-2011, 07:46 PM   #14
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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!
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Old 04-14-2011, 08:01 PM   #15
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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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Old 04-14-2011, 08:02 PM   #16
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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.
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Old 04-14-2011, 08:15 PM   #17
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I didn't get to add to them this past year but still have ~ $63k to carry forward.

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Old 04-14-2011, 08:16 PM   #18
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Realize those losses, and carry them forward. After 2009, I doubt I'll ever pay capital gains tax again...
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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Old 04-14-2011, 08:18 PM   #19
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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.
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Old 04-14-2011, 08:24 PM   #20
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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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