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Financial Planning / Tax Strategies


Subject:  Re: Bought 3 stocks - lost money. Is tax loss go Date:  4/25/2001  11:29 AM
Author:  JABoa Number:  50578 of 127616

You haven't actually lost money until you sell. Have you sold? If you have sold, it does not matter whether you think taking a loss is a good or bad idea because the tax consequences have already happened. If you have not sold, then you have a decision to make, which is whether you will lose more or less if you sell later rather than now -- or even gain if you hold long enough.

People often sell their bow-wows at year end for tax purposes, to offset some gains. But it's primarily because they turned out to be stinkers and they want out, not because of tax reasons alone.
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