My company granted me restricted stock in 2007, let's say $10,000 valued at that time. Taxes were due at the time of grant, so the federal portion was 25%, or $2500. The stock price has declined to only 5% of its previous value, and I sold it at the end of 2008 hoping to get back the tax I paid. The problem is that Schedule D only allows a maximum of $3000 loss in a year (bigger losses can be carried forward), and I won't be able re recover anywhere near the $2500 that I paid. It seems the IRS is unfairly profiting from my loss.
- posted
15 years ago