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I'm fairly new to investing and had a question about taking a loss on a stock. My question is that if I sell a stock for a loss, can the loss be used to offset any income or only to offset a capital gain from another stock sell? Basically, I have a stock I would like to sell (at a loss) but I'm pretty sure I won't be selling anything else this year. If a loss can only be used to offset a capital gain then I should probably hold the stock right? wrong? Did that make any sense? :)

I do realize that, even if the loss doesn't do me any good at tax time, I could end up losing more money if I hold the stock. I don't really see that happening, though. I really think the stock will come back up but not for a while.

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