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Old 12-01-2003, 04:44 PM
Phil Marti
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Default Re: gains strategy query

"MB" <mel[at]prodigy.invalid.net> writes:

- quote -

> I have some stocks that I've owned for a few
> years. These are showing a loss. I would just as soon sell
> them either now or in January. I'm not sure which is best.
> If I sell now, won't it reduce my tax favorable long term
> gains. I'd rather have it reduce income subject to a higher
> tax. Can this be done??


Not with the holdings you describe. Short-term losses first
offset short-term gains, but it sounds like you don't have
any short-term losses.

Phil Marti
Topeka, KS

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 11-30-2003, 01:21 AM
Phil Marti
Guest
 
Posts: n/a
Default Re: gains strategy query

"MB" <mel[at]prodigy.invalid.net> writes:

- quote -

> I have some stocks that I've owned for a few
> years. These are showing a loss. I would just as soon sell
> them either now or in January. I'm not sure which is best.
> If I sell now, won't it reduce my tax favorable long term
> gains. I'd rather have it reduce income subject to a higher
> tax. Can this be done??


Not with the holdings you describe. Short-term losses first
offset short-term gains, but it sounds like you don't have
any short-term losses.

Phil Marti
Topeka, KS

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 11-25-2003, 04:38 AM
MB
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Posts: n/a
Default gains strategy query

I am not sure about the strategy here. I currently have net
short term gains.

I also have long term gains, includes gains taken recently
so they qualify for the favored tax.

My question: I have some stocks that I've owned for a few
years. These are showing a loss. I would just as soon sell
them either now or in January. I'm not sure which is best.
If I sell now, won't it reduce my tax favorable long term
gains. I'd rather have it reduce income subject to a higher
tax. Can this be done??

Any ideas?

Mel

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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gains, query, strategy
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