• Capital loss carryover?

    I had a capital loss of about $1800 in 2009. Since I had almost no income for the year (don't you love this economy?) my taxable income is already $0 before the loss is applied. Is there any way to carry over the loss to future tax years? I don't want to waste it if I don't have to.
    I had a capital loss of about $1800 in 2009. Since I had almost no income for the year (don't you love this economy?) my taxable income is already $0 before the loss is applied. Is there any way to carry over the loss to future tax years? I don't want to waste it if I don't have to.
    3 answers · United States · 7 years ago
  • Is this a legitimate tax loophole?

    I'm 22 and I live with my parents. Starting in tax year 2010 I'll be too old for my parents to claim me as a qualifying child, with (I hope) too much income to claim me as a qualifying relative. The thing is, I've been reading the IRS website, and it looks like I'll be able to claim my two younger sisters as qualifying... show more
    I'm 22 and I live with my parents. Starting in tax year 2010 I'll be too old for my parents to claim me as a qualifying child, with (I hope) too much income to claim me as a qualifying relative. The thing is, I've been reading the IRS website, and it looks like I'll be able to claim my two younger sisters as qualifying children: 1) I'm related to them (siblings) 2) They'll be under 24 and full-time students 3) I live with them all year 4) They don't support themselves While my parents could claim them (as they do now), they have to pay AMT which wipes out any benefit of claiming them. If I claim them, I'll be eligible for potentially thousands of dollars in deductions and credits. Now, I'm a single guy with no children and solidly upper-middle class. The EIC and Child Tax Credit are not intended for me, but it looks like I'm going to qualify. Have I overlooked something?
    4 answers · United States · 8 years ago
  • Why is my car skidding so much?

    I recently bought a new (used) car. It's been rainy this week and I've skidded the tires about half a dozen times when stopping on wet pavement. At one fairly hard stop, I skidded about 10 or 20 feet past where I intended to stop the car, and would have gotten in an accident if there had been a car in front of me. This never happened in my... show more
    I recently bought a new (used) car. It's been rainy this week and I've skidded the tires about half a dozen times when stopping on wet pavement. At one fairly hard stop, I skidded about 10 or 20 feet past where I intended to stop the car, and would have gotten in an accident if there had been a car in front of me. This never happened in my old car. I can think of two possible reasons for this: 1) My old car had ABS, and this one doesn't. However, I rarely engaged the ABS in the old car, or so I thought. Occasionally at very hard stops or on wet pavement, the brakes would shudder for about a second. I figured this was the ABS engaging; now I'm not sure. It certainly didn't happen nearly as often as the skidding in my new car. 2) The tires may be bad. It still has the tires it came with, and I have no idea what kind they are. The previous owner lived in the desert, so they might not be intended for wet roads. The tread is good in front and so-so in back. Do either of these explanations make sense? Any other ideas for why this is happening? Is there something I can do, or will have have to adjust my driving style?
    9 answers · Safety · 8 years ago