By: Miss M
I haven’t done this before but I’m certainly thinking about it this year, I’ve generally stuck with buy and hold. I’ve got an investment or two that in hindsight, don’t seem like such a good idea. If...
View ArticleBy: A Non
I think you mean “tax refund” not “tax return” Another important aspect is that the $3,000 is taken off your AGI (bottom of the first page of you 1040 tax form) – this amount affects many other taxes –...
View ArticleBy: Steve
What some people don’t realize is that if you do buy back into the same stock within the 30 days and violate the wash rule, in the IRS’s eyes your new cost basis includes the disallowed loss. So you...
View ArticleBy: Chris
Investment/Tax pros like to call this strategy “harvesting your losses“. You sell your beaten up fund to get your tax loss, buy another fund that holds similar stocks to stay in the sector for 31 days...
View ArticleBy: Steve
Selling to take advantage of the tax deduction is a good way to recover some money out of a bad situation. A lot people don’t sell hoping to see a stock recover in the short term.
View ArticleBy: Rick
I bought in 2010 @ $1761.50 and sold this stock in 2012 @ $38.51. Not 100% sure but I can claim the difference at a capitol loss, correct? These figures are with the commission/fees..
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