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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: StockHawk who wrote (37419)1/2/2001 9:09:36 PM
From: Mike Buckley  Read Replies (3) of 54805
 
Because you can only deduct $3000 worth of losses against ordinary income. So if you have a bunch of losses you might want to offset them against gains, in a sense making those gains tax-free.

To clarify that for those less informed about the taz rules, you can carry forward any unused tax losses forever. Thus, the only reason to sell a winning stock is if you're convinced you can buy it back later at a lower price.

--Mike Buckley
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