mmayr, I'd sure like to read the article you referred to. As a retired CPA, I've never known of any requirement that you must sell to pay taxes and/or get a note from your broker in order to deduct a tax loss. Here are the IRS publications covering gains/losses on sales of stock ... Amuck http://ftp.fedworld.gov/pub/irs-pdf/p550.pdf http://ftp.fedworld.gov/pub/irs-pdf/p544.pdf