kaulam[at]hotmail.com wrote:

- quote -

But if you wait to sell and the price goes down, you'll be
at even more of a loss. If you really think this is the
peak, then you shouldn't let the tax implications stop you
from selling.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA

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- quote -

Thanks for your responses here. In this case being the only
investment, I want to sell a few, since the Co. seems to be
close to a peak value (IMHO). So though making a 'gain',
with the reinvestment (& transaction fee!) I may be at a
loss!

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kaulam[at]hotmail.com says...

- quote -

You don't have to send anything to the tax man right away.
The advertised federal tax rate on long-term capital gains
is 15%, but there are some twists that make the 15% rate
illusory for many tax payers.

You can avoid paying capital gains tax by only selling
stocks on which you have lost money. If you give LT gain
stock to charity, you avoid paying taxes and get a
charitable deduction.

If you are talking about stocks in privately held companies
there are other alternatives, but this newsgroup is not a
good forum to discuss the mechanics involved.

Gary

--
You can probably X figure out X which letters to X delete to
derive my email address X.

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kaulam[at]hotmail.com wrote:

- quote -

Only if you made a profit.

- quote -

I don't think so. The purpose of capital gains taxes, and
the lower rate for long-term gains, is to encourage people
to stay invested rather than trade in and out.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA

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<kaulam[at]hotmail.com> wrote:

- quote -

If you have stock with a paper loss, sell it to help cancel
out some of your gain. However if you really like the
stock and think it will do well short term, keep it and
don't let the tax situation blind you.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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OK I am a newbie at this stuff.

I have some stock investment which I want to exchange for a
stock in a different company now. As I understand it, the
moment I sell the earlier investment, I need to feed part of
it to the tax man!

Is there any way I could avoid having to pay this
reinvestment penality? I will be reinvesting all the amount
I get out of the sale. This is not part of any retirement
plan.

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