It's been a while since I've been on this board, but I believe this question is appropriate here. I'm going to post a similar message on the Tax Strategies board.Like many other users on this board, I got tired of B&H's mandatory monthly fees. I just wasn't buying enough stocks to justify the fees. So, I closed my B&H account, opened a Sharebuilder account and transfered the (whole number) stocks into it. The fractional stocks that did not transfer were converted to cash, and B&H mailed me a check. Given the tanking of tech stocks over the past year, I had six different (fractional) stocks that I had to sell at a loss to completely close out my B&H account.So here's my question: Can I take advantage of selling these stocks at a loss on my taxes?Any advice would be appreciated.gt5037c
I'm not the tax guy, but yes, you can use the losses to offset any gains you have had during the year. Cheers -george
I'm not the tax guy, but yes, you can use the losses to offset any gains you have had during the year. Cheers -george Thanks george.gt5037c
The accounts I have at B&H are custodial accounts. Do you know if there is anything special that has to be done to transfer accounts?Thanks.
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