In the past 2 years, I have lost more than $180,000 in the stock market. In order for me to claim the loss in my tax return, I can only do $3,000 a year. So it will probably take me 60 years, if I make no more gains nor losses.
I wanted to know if I have a S-Corp, will my profit (as a shareholder) be claimed as capital gains that I can claim against my $180,000 stock market loss.
So for example, if my S - Corporation makes profit of $100,000 after paying my normal salary, will this $100k go against the $180k, leaving me with $80,000 of losses to claim for the next few years?????
I have asked a few accountants that questions and none of them have an answer.
I guess it's a good question
2007-04-15
15:24:42
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4 answers
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asked by
princemo4
2
in
United States