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BigBadWolf

12/20/12 5:54 PM

#4427 RE: yogowypi #4426

sell it before 12/31 (some like to make sure & sell by 12/28/12 allowing for the clearing of said transaction but it is not necessary as any losses incurred by 12/31/12 can be deducted on your taxes...take & declare the loss...use the tax paperwork sent by your broker (as per Federal IRS Laws) showing the cost adjusted basis & loss & file it on your tax returns. claim the loss that is shown & verified in the aforementioned paperwork that will be attacked to your tax returns. GLTU