The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Claiming Cap. Loss Date:  12/10/1997  4:08 PM
Author:  JeanDavid Number:  870 of 127753

<<<If, for whatever reason, you DO want to specify the other lower basis ($18) shares, you might be able to do so (but, as KAT points out, I'm not sure why you would want to do so).>>

Might want to generate a short-term loss carryover (the higher basis shares were held long-term). Wouldn't matter for this year because no other gains or losses, but for next year could be better. But the original question indicated only an interest in generating a $3,000 loss for the current year.?

Similar for me. I wanted to generate a $3000 tax loss, but wanted to raise as much money as possible, so I sold the shares with the lowest capital loss (lowest in terms of absolute value). Later I should be able to sell few shares to get a larger capital loss if I need to.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us