POSTED BY January 19, 2013 9:33 am COMMENTS (3)ON
I have some stocks from 2004 era which could never get sold even in Jan-2008, Nov-2010 and could never get sold above the purchase price in the entire future. If I sell those today at market rate, I will incur Long Term Capital Loss.
What are the best ways to offset Long Term Capital Loss? Long Term Capital Gains are anyway tax-free if the securities are listed on stock exchange and STT paid. So what do we do with the Long Term Capital Loss and with what do we offset it.