Can I "buy" capital loss carryover?

Duh

So, sell one of your "losers"

No, that won't work. If you buy the property at its current FMV, then turn around and sell it, you may actually have a small gain or loss. The loss suffered by the small investor is his to claim and does not transfer with the property.

wrote

Now you're getting into some very tricky (and expensive) legal issues on surviving corporations. The worst tax advice you could get over the internet would be to buy into someone else's corporation, as then you buy all that corporations liabilities and prior history. Any potential creditor or claimant could collect from you for events that happened under the prior ownership. Incur some capital losses by selling your dog stocks before year end.

-- Paul A. Thomas, CPA Athens, Georgia

Do you have some assets with losses? You could sell them, too.

If not, you could marry somebody who did.

Seth

Moderator: Excusez-moi! If you feel the need to get married, marry for money, not capital losses. Also do not marry for love. I made that mistake once. I married Susan for her Ph.D and her money (when she told me she didn't have any money, I gave her mine.)

wrote

Now you're getting into some very tricky (and expensive) llegal issues on surviving corporations. The worst tax advice you could get over the internet would be to buy into someone elses corporation, as then you buy all that corporations liabilities and prior history. Any potential creditor or claimant could collect from you for events that happened under the prior ownership. Incur some capital losses by selling your dog stocks before year end.

-- Paul A. Thomas, CPA Athens, Georgia

replying to sasha.draganov, mac wrote: I have 5 different Sub 'S' and LLC's that have capital losses of $800K to $4.3 million. There are no liabilities in these corp's, only the capital losses (NOT NOL)