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yes its a dumb question so it should be easy to answer. i ordered the motley fool tax guide but wont receive it in time.
i just started investing and bought 15 different stocks this year (not in the last 30 days). i am considering selling 3 losers. i dont expect them to ever amount to anything and the sale will not reduce my portfolio much, but the loss will be in the thousands. if i sell these 3, can i deduct the loss on my taxes. i am ahead overall in my portfolio, and i dont plan to sell any others for years.
so does it work that way where i can keep my winners (not sell them) and sell only the losers and deduct the losses from my income? i understand nothing is a loss or a gain until you sell?
oh, and i will not buy these stocks again ever let alone within 30 days...
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