mafibisha
DIS Veteran
- Joined
- Mar 9, 2002
- Messages
- 2,819
Ok, I know someone here knows the answer(s) to this because really, as someone else just said, You Guys Know Everything!!! 
Talking with some friends Saturday, (no accountants but educated peeps LOL) someone mentioned getting tax credit for 2010 for their capital gains losses in 2009. Realizing we all took a loss (if you have any stocks, or investments) we were all a little leery. But he said there are two lines on schedule D for it.
Someone said you needed to *sell* stocks at a loss before you took the tax credit, but this guy insists his accountant got hiim tax credit without selling, just because it took a major *hit* or loss.
So is he right? Was he under the influence? LOL Or somewhere in between?
TIA!

Talking with some friends Saturday, (no accountants but educated peeps LOL) someone mentioned getting tax credit for 2010 for their capital gains losses in 2009. Realizing we all took a loss (if you have any stocks, or investments) we were all a little leery. But he said there are two lines on schedule D for it.
Someone said you needed to *sell* stocks at a loss before you took the tax credit, but this guy insists his accountant got hiim tax credit without selling, just because it took a major *hit* or loss.
So is he right? Was he under the influence? LOL Or somewhere in between?

TIA!