RE:Tax loss sell off? Why are you guys talking about Tax loss sell off.
You would sell at loss, let's say $20k to save $10k in income tax, that is if you are in the 50% braket
And my understanding of capital loss, can only be apply to capital gain, which to start is only 50% taxable.
Can we have an accountant here to explain the tax implication of selling your stocks at lost, regardless of the time of the year? why would there be a season or a better time to do so?
SigmundsID wrote: It's that time of year I suppose. I would expect this to dip to around the $3 mark by the end of the month.