The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/sammisampson-writes-can-long-term-losses-be-used-10759598.aspx

Subject:  Re: Matching Gains to Losses Date:  4/12/1999  10:44 AM
Author:  Bob78164 Number:  14460 of 121219

SammiSampson writes:

Can long-term losses be used to offset short-term gains?

I have some long-term carryovers and some stocks that I think will undergo pullbacks before long.

If the long-term carryovers can be used to offset short-term gains, it would probably be worth my while to sell and rebuy, rather than toughing it out through a pullback.


I reply:

Yes, as you can confirm by walking through Schedule D. But your plan may run afoul of the wash sale rule, which forces you to defer losses incurred after a sale for a loss if you purchase the same securities within 30 days before or after the sale for loss. --Bob
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us