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Author: gt5037c Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121564  
Subject: B&H transfer to Sharebuilder and taxes Date: 1/15/2002 5:27 PM
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This question was posted on the pseudo-drip and buyandhold.com boards, but it may be more appropriate here.

Like many other users on the pseudo-drip board, I got tired of B&H's mandatory monthly fees. I just wasn't buying enough stocks to justify the fees. So, I closed my B&H account, opened a Sharebuilder account and transfered the (whole number) stocks into it. The fractional stocks that did not transfer were converted to cash, and B&H mailed me a check. Given the tanking of tech stocks over the past year, I had six different (fractional) stocks that I had to sell at a loss to completely close out my B&H account.

So here's my question: Can I take advantage of selling these stocks at a loss on my taxes?

Any advice would be appreciated.

gt5037c
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