Register
An investor's portfolio has decreased in value from $250,000 to $200,000 in this tax year. No security positions have been sold. The investor's write off against ordinary income on this year's tax return
205k views
1 vote
An investor's portfolio has decreased in value from $250,000 to $200,000 in this tax year. No security positions have been sold. The investor's write off against ordinary income on this year's tax return is equal to which of the following

User PaulF
by
5.2k points

1 Answer

5 votes

Answer:

The correct answer is 0.

Step-by-step explanation:

As nothing has been sold, this indicate that there is no net profit or loss is made and there is nothing for the investor's write off against the ordinary income, so the correct answer is 0.

User YouneL
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
Link Copied!