Tax question: carryover of losses

Josephine C Murphy on

Club hasn't any realized capital gains this year other than
dividends, but wants to sell a couple of losing stocks. Can
we carry over to next year any unused losses to pit against
potential realized gains next year? Thanks for help in
this.
Jo

Laurie Frederiksen on

All losses will be passed through to your members to report on their personal taxes. They can be used to offset other capital gains there and possibly a portion of their ordinary income.

If they have excess losses, the members can carry them over themselves to future years taxes on their personal returns. This is not done at the club level.

Laurie Frederiksen
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On Thu, Nov 8, 2018 at 9:07 PM Josephine C Murphy via bivio.com <user*6304300001@bivio.com> wrote:

Club hasn't any realized capital gains this year other than
dividends, but wants to sell a couple of losing stocks. Can
we carry over to next year any unused losses to pit against
potential realized gains next year? Thanks for help in
this.
Jo

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