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Thread: 2011 Taxes: Should I sell for loss this year?

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    jobu is offline Registered User jobu is on a distinguished road
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    Default 2011 Taxes: Should I sell for loss this year?

    What are the guidelines for selling and taking lossess for tax write offs?

    I'm down for the year and would like to take advantage of that in my taxes. Can I sell before year end and then buy back in next year and still claim losses on taxes?

  2. #2
    Charles D's Avatar
    Charles D is offline Administrator Charles D has disabled reputation
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    Yes. Sell now and buy back AFTER 30 days and you are fine.

    However, I am personally not selling any MLKNA.
    Sincerely,

    Charles D
    Buy Good Stocks And Retire Young(er)


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