Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Zeuspaul who wrote ()	11/18/1998 1:34:00 AM
From: Cents	Read Replies (2) of 5810

When is it a good time to sell a short-term loss? I have $2700 unrealized short-term loss for a stock (a bulletin board scam stock that looks near dead) and a $3000 realized short-term gain for the year. Should I take my gain for this year and save my losses for next year? Or should I offset the two for basically no profit this year? :( What's the best way to handle this in regards to taxes? I'm at borderline 15% and the next upper income tax bracket. Also, how do stock trade commissions fit in the tax scenario? I'd appreciate any insight. Cents

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