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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.

Pushapraj
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No. of Recommendations: 1
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.

As long as none of the purchases was within 30 days before the sale and you don't rebuy this stock within 30 days after the sale, you have a recognized loss.

TMF ExRO
Phil Marti
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