Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I want to get rid off one of my worst performing stocks, so that I can take advantage of loss in my tax return.

I had bought this stock in three lots. And I am in big red with this stock and all these transactions/lots are in loss. The stock is really beaten down during this Nasdaq sell off. So, I want to sell only my first lot. If I sell just my first lot, I am still holding this stock in portfolio. Is it possible to show that loss in my Tax return or should I completely remove my position to take the tax advantage.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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.