Message Font: Serif | Sans-Serif
No. of Recommendations: 1
My suggestion -- If your Juniper is NOT in a tax deferred account, Sell it and take the tax loss -- use the loss to offset any gains that you may have and/or up to $3,000 of ordinary income if the loss exceeds any of your gains -- carry the remaining loss forward until it's gone. Wait 30 days and buy back the stock for your long term strategy --- the loss does you no good on paper. And whatever rebound occurs in 30 days certainly won't beat your tax savings... what is your breakeven point on the transaction?

Example: 10 shares at 240 = 2400
10 shares at 30 = 300
tax loss= 2100 @ 25% tax bracket = 525 tax savings

stock would have to rise from 30 to 82.50 in less than 30 days to make this decision a bad one.

You might be talking about a lot more money depending up0on your actual situation; and the plan also requires that you clearly evaluate your other gains, etc...see how your numbers add up.

Just a thought.
Print the post  


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.