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Author: SeniorCit Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122522  
Subject: Taking Tax loss vs. Distribution Date: 12/7/2007 3:28 PM
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I seem to be having a senior moment and would appreciate a sober review.

My situation in a Taxable account:
1. 375 shares of mutual fund with current value of $12,914.
2. Current cost basis of $13,142. = Long term loss of $228.
3. Projected fund distribution 12/14 of 13.9%.
4 With a NAV of ~$35.00 x 13.9% =$4.865/share = ~$1,824 That would be
taxable income.

I have no love for this fund and would probably sell anyway, but wouldn't it be smart tax wise to sell no matter what?
I don't need the losses as I have about $50,000 of carryover losses now, and I don't want or need additional income.

Any comments would be appreciated.
Senior Citizen
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