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Author: footsox Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121150  
Subject: Selling a stock at a loss for Tax deduction Date: 12/22/2011 10:56 AM
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I am thinking about selling one of my losing stocks. It was a poor purchase - I bought it too high and it has gone down ever since. I was thinking I should sell it before the end of the year and then I could take it as a loss on my income taxes? Anything I should be aware of in doing this? I do not plan on buying back into this stock or anything like that. Thanks for any advice.

Footsox
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