In the event of a loss of stock market, investors may claim them for tax purposes. Here you can find out how loss losses can be deducted from the tax.
The financial losses in the sale of shares can be deducted from the tax under certain conditions.
This basically applies
In general, losses from stock systems may only be offset against profits from other stock systems. Banks and Treasury strictly distinguish between old losses that have arisen by the end of 2008, and losses that arise from new investments from 2009. Realized losses from securities that were purchased after the start of the in 2009 compensation tax may be charged with profits from stocks or equity funds. In this way, investors must note that automatic offsetting is only carried out within a financial institution.
For example, if there is a loss from all investments at the end of 2020, it can be presented in future years and offset with profits and capital gains that arise there. It is important that investors apply for the issue of a loss certificate to their credit institution by December 15. After the year, this can then be submitted to the tax office with the tax return.
In addition, investors must note that losses cannot be offset against other wins from stocks if the shares are kept in the depot despite the returns. Because losses can only be asserted to the tax office if they have also been sold with loss in reality.
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These are the regulations 2020
The Federal Finance Court (BFH, Az. VIII R 11/18) is currently examining whether it is constitutional that share losses from share purchases made from 2009 may only be countered with equity profits. A judgment has not yet been made here. However, with the 2019 annual tax law, the Federal Ministry of Finance has fundamentally changed the legal situation of worthlessly booked shares from 2020. If shares are worthless according to a company bankruptcy, investors may only offset the total losses suffered from 2020 up to a height of 10,000 with the other taxable capital income. The losses that have not been used will be presented for future years.
By 2018, the tax authorities only allowed a offsetting if the loss was not too high. So if the sales proceeds were only so high to cover the bank expenses for the sale, the loss offset was not accepted. But here, too, the Federal Fiscal Court (Az. VIII R 32/16) spoke a word of power. “The tax consideration of a loss from the sale of shares does not depend on the amount of the costs incurred”. Thus, the transfer to fee is now a sale, regardless of how high the proceeds are in the end.
Loss of stocks against profits
The loss of stocks that can be deducted tax relay in two ways of winning:
1. Profits from sold stocks
2. Profits from sold equity funds
This contradicts the profits and income that cannot be offset:
1. Interest
2. Profits made with other securities
3. Dividends
These profits are taxed separately and cannot be offset against loss of stocks.
If the loss height exceeds the profit height, the loss carryforward will be offset. The loss presentation serves to transfer the losses that were made in one year in the following years and accordingly deducted tax. This makes sense because it can reduce the tax burden. In addition, tax returns can only be submitted retrospectively for four years, but loss presentations have up to seven years.
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