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Financial Planning / Tax Strategies


Subject:  Loss & Lots Date:  10/9/2000  11:18 PM
Author:  PushShanmugam Number:  40729 of 127753

I want to get rid off one of my worst performing stocks, so that I can take advantage of loss in my tax return.

I had bought this stock in three lots. And I am in big red with this stock and all these transactions/lots are in loss. The stock is really beaten down during this Nasdaq sell off. So, I want to sell only my first lot. If I sell just my first lot, I am still holding this stock in portfolio. Is it possible to show that loss in my Tax return or should I completely remove my position to take the tax advantage.

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