What happens to my capital losses when I am in bankruptcy

April 10th, 2009 by Questions

I have capital losses from trading common stock and I wish to know if my capital losses are carried over after bankruptcy?

Posted from: British Columbia


One Response to “What happens to my capital losses when I am in bankruptcy”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Your capital losses and any other tax credit you may have compiled expire as of the date of bankruptcy. So you will not be in a position where you can carry-forward any of these items past the pre-bankruptcy return that will be prepared by your trustee.

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