Author Topic: Dumping old stock before years end  (Read 857 times)

lielec11

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Dumping old stock before years end
« on: December 29, 2014, 08:10:25 PM »
I have about $500 in losses on an old stock in a taxable account. It is an mREIT that I mistakenly got into and am thinking about dumping before years end. My accounts are new so any gains are negligible. Seems like a no-brainer to write off the loss, no?

seattlecyclone

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Re: Dumping old stock before years end
« Reply #1 on: December 29, 2014, 08:51:06 PM »
Sounds like a good plan, unless you plan to have a higher marginal tax rate and no gains to offset next year. Then wait until next week.