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Tinkerer

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Tinkerer

Re: stock_risk post# 42740

Thursday, 12/26/2013 8:44:25 AM

Thursday, December 26, 2013 8:44:25 AM

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If you have a major loss on an investment during the year, you can deduct that loss on your taxes. However, you must sell the stock/investment for a loss during the year, and the trade must settle on or before December 31. Since it takes 3 days for a trade to settle, the last day of 2013 to sell your underwater stock so you can deduct the loss is tomorrow.
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