Send to a Friend

JLeslie's avatar

Do you sell your brokerage funds and stocks that are in the red to reduce your tax bill at the end of the year?

Asked by JLeslie (65451points) 1 month ago

Someone just told me her accountant advises her to sell stocks and funds that are at a loss at the end of the year to help her taxes. That she can rebuy the stocks in January if she wanted to hold them.

What do you think? Do you do this as a way to reduce taxes?

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.