He can't write off the loss unless he has capital gains.
However if he can go back if he had previous gains, or save the
loss for future years.
However if he can go back if he had previous gains, or save the
loss for future years.
nortel stock
I have a friend that holds nortel stock and is on a fixed pension. Here is the question as simple as I can put it. If he has no capital gains in the year how does he write off a loss on this stock that he says still shows up at a price of half a cent. I will try to get more info from him as this was just a quick conversation or if anyone can help with a suggestion it would be appreciated.
1 - 1 of 3 Posts
1 - 1 of 3 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Canadian Money Forum
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!
Full Forum Listing
Explore Our Forums
