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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (1660)	12/30/1998 1:12:00 PM
From: k.ramesh	Read Replies (1) \| Respond to of 5810

Any thoughts on which losses to offset first? Say you have either a 2000 gain or a 5000 gain elsewhere. eg. to make it simple,say you have 2 losing positions of 5000 each. a ) you bought 1000 at 20 now at 15 b) you bought 500 at 20 now at 10. a) assuming 30% tax for simplicity, your tax gain/offset is 1500 in either case. but (a) has to move only to 16.5 in the 31 day period for you to wish that you had just held on. (b) on the other hand has to move from 10 to 13 (30%) for you to feel the same remorse. So in short, sell only your worst losers, hope for a recovery for the rest. Now am I missing something, any other opinions.