Replies to post #251623 on Biotech Values

[north40000]

Why don’t you transfer those shares from your IRA to your taxable account(s) if you need ST or LT capital losses to offset ST or LT capital gains?

[vinmantoo]

Yes, I do, as I’ve stated before, but I own it in a Roth IRA so all my paper losses aren’t worth a damn in terms of selling to offset selling stocks with capital gains I own in taxable accounts if I choose to sell it

Thanks for getting back to me. It makes sense that you own it since you have been so critical about the drop in RVNC stock price.

If I owned it in a taxable account, I would have sold it all by now for a loss that I could use to balance taxable gains on another stock with gains that I’d like to lighten up on.

This is where we differ. I have been doing some tax loss selling in my taxable accounts but I do it in a way that allows me to return with more shares. Despite the horrid Daxxify launch I still believe there is a good chance to make some nice money, especially with the stock price at such a depressed level. Good luck.