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dpdoor (33.11)

January Tax sell-off instead of Dec.

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January 01, 2009 – Comments (2)

Normally investors are advised to sell their losers in December to offset their gains and get the tax write off. Since many investors already sold losers earlier in the year and may not have any gains for the year they might be waiting for January to take the losses.

Assuming they will make a profit in 2009 from bargain shopping they will need to start the year with the tax deduction to offset the expected gains.

2 Comments – Post Your Own

#1) On January 01, 2009 at 3:06 PM, philippalmer (77.17) wrote:

No way, lets keep these gainsgoing and do it at the end of the year.

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#2) On January 01, 2009 at 4:21 PM, motleyanimal (81.76) wrote:

It's anyone's guess, but I think there is not much tax related selling going on. It should be interesting to see how much the mutual funds, closed ends, trusts and REITs are able to recharacterize dividends/distributions as a return of capital for 2008. It's the only tax break I will probably get this year.

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