Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Before acting on this, I'd confirm the tax question with the IRS instructions, but it seems you'll need to consider several factors:
1. Is the stock likely to increase/decrease in value between now and then?
2. Will the short term tax have a relatively better impact on this year's income than the long term tax would have on next year's projected income?

As I understand it, the short term capital losses may be applied against long term capital gains and the excess applied against income, up to a maximum of $3,000, after which it can be carried over to the following year. You'll definitely want to get the details on this, though!
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement