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Hi Guys. I would like to sell one of my stocks before the end of December at a loss for tax purposes. Do I need to buy some other stock before the end of this year? Or can the cash sit in my Etrade account for a few months. Are there any tax consequences by not buying some other stock with the money before the end of this year? Or in any time frame? I don't think this matters. I just think I can sell a loser before the end of Dec. for a tax write off for 2016. Thanks.

Follow-up question. I understand I can write off $3000 per year in stock sale losses and carry over the rest in the following years. Is this indefinite? I mean, let's say I lost $30,000. Does that loss just get carried over at $3000 per year for ten years? Is there no deadline?

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