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First post so please be gentle. I have read through a good amount of this board hoping to find someone with the same question. I couldn't find it so here goes...
I have money in a mutual that has been there since July 98 and am ready to move it to a discount broker so I can start being Foolish. The mutual has lost money since it was put in bringing me, finally, to my question. Is this considered a regular loss or will I incur something for moving assets around in such a short period of time? Come to think of it, it was moved from another mutual that was lossing. Do those losses add up for the tax year? Can you tell I'm a rookie at this...?
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