The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: simple tax question Date:  2/10/2013  11:27 AM
Author:  carsnbikes Number:  117715 of 129668

Thanks for the comments. The stocks in the IRA were an HG pick (IQNT) that I'd held long term, but finally sold for a huge loss. The stocks in the taxable account are from a completely different company (F), and I've held them for a long time because they did so well. Now I worry about selling them because of taxes on the profits. I haven't sold any shares for a profit yet. I was just wondering that if I did, could I use the loss in the IRA account to offset the selling for a profit if I decided to do so before I do my taxes.

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us