Quote:
Originally Posted by Hog's Gone Fishin
My thought is , if you have a stock at a loss and you're in the 24% tax bracket and expect to have to pay taxes at the end of the year and you have a $1000 loss. You can sell that and reduce your taxable income by 1K and eliminate $240 in taxes.
Therefore claiming an immediate 24% gain.
Stocks that you've been averaging in over time may have certain "LOTS" you can eliminate at a loss even though you are up in the stock. Take it over to another stock and get in the low.
I would also like to sell everything while its up but everythings not up.
BTW , I only asked for people smarter than me to chime in , I should have included dumb people smarter than me. Apologies.
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My error. I should not have responded.