The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/selling-a-stock-at-a-loss-for-tax-deduction-29740185.aspx

Subject:  Selling a stock at a loss for Tax deduction Date:  12/22/2011  10:56 AM
Author:  footsox Number:  114439 of 121105

I am thinking about selling one of my losing stocks. It was a poor purchase - I bought it too high and it has gone down ever since. I was thinking I should sell it before the end of the year and then I could take it as a loss on my income taxes? Anything I should be aware of in doing this? I do not plan on buying back into this stock or anything like that. Thanks for any advice.

Footsox
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us