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I have some huge gains this year that will cost me a pile of CG taxes, but I also have several MF stocks that are waaaaaaay down (FORM down 85%, IQNT down 86%, BPI, LOGI & PACR all down about 50%, and plenty of others down 30-40% .... you get the picture).
So, is it better to keep the high basis on those beat-up stocks in order to minimize future CG at what could be higher rates, or sell them now to offset my existing gains (that will "only" cost me 15%)? I was thinking I could buy the losers back just after the first of the year and start over with the lower basis, but some I may abandon altogether.
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