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Author: CABob Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Selling a stock at a loss for Tax deduction Date: 12/22/2011 10:16 PM
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Something to think about that I don't think applies to your situation but bit me this year is that I'm in the 15% bracket this year. I sold some stock at a loss, and it's netted against my other gains. Great you think. But since I'm in the 15% bracket, my gains are taxed at 0%, negating any savings I get from the capital loss. Was a bummer when I finally ran the numbers last week to estimate my tax bill and saw no change in my liability when I entered in my capital gains.

I believe that when this happens you are still allowed to carry forward the capital loss to be used in the future so you haven't lost the offset.

Bob
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