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bar1080

12/11/15 10:23 AM

#13733 RE: Makin Millions #13731

"or should I just wait till the end of the month to get the best tax return possible?"

Understand that many IHUBers are unemployed (another name for "trader") or retired and have little concern for tax issues. So taxation rarely comes up on these boards.

First question: What country do you pay taxes to? Second question: How does waiting a week or two change your tax situation?

In my case I ALWAYS dump my very rare losers in the final two or three months of the year. My losses are rare because I don't buy casino junk like NBG and I hold my blue chips for years.

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Lowjack

12/11/15 10:34 AM

#13736 RE: Makin Millions #13731

Sell and buy back cheaper within 30 days and it's a wash sale! Do this many times like the banks have been doing!