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Re: Brussangler post# 2656

Wednesday, 12/27/2017 11:53:05 AM

Wednesday, December 27, 2017 11:53:05 AM

Post# of 7474
Sorry to hear that Brussangler but the upside is that, with it being this close to the end of the year, you will be able to claim that $ 1,500 loss on your taxes.

I have actually sold stock at a loss at the end of a calendar year to take the loss on my taxes when I know a stock isn't going to go up before Dec. 31st.

Taking the loss, which lessens my taxes, in effect allows you to break even and then you have your money freed up to buy back in.

Hopefully that approach works for you, if not in buying back in to something after the first of the year, at least in writing it off on your taxes.

Take care, Jim