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 MICHIGAN Adjustments of Capital Gains and Losses MI 1040D MICHIGAN Adjustments of Capital Gains and Losses MI 1040D 2020

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Instructions and help about michigan income tax

so far there have been several videos on this channel regarding what happens when you sell a capital asset at a gain if you haven't seen these videos you might want to click on the playlist above or on the end screen for a thorough introduction to capital assets and capital gains but what happens when you sell a capital asset for less in its basis creating a loss that's the topic of this video i'm the tax geek back with more of your taxes oversimplified [Music] investors don't always have good fortune when investing sometimes they have to sell their investments for less than what was paid for them to meet an urgent financial need sometimes investors sell their investments at a loss to put a stop to future losses this begs the question can these losses be used to offset other income the answer which is so often the case with tax matters is that it depends first of all it depends on the use of the capital asset in a prior video we learned that capital asse

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