Posted: 2/18/2016 8:14:39 PM EDT
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Suppose i have $10,000 in realized gains in stock A this year
i have unrealized losses of $100,000 in stock B that was bought in various quantities at various points in time over the last few years. if i selloff stock B such that i have $10000 realized losses; will that mean i have $0 realized gains/Losses for the year, and thus no taxes for realized gains? How do i determine how much of stock B to sell so that it offsets the 10000 realized gain? Is it first in first out? |
| it depends is usually a good answer. short term offsets short term first, long term offsets long term, then short and long offset each other, then there is carryover if it is over 3k loss. Generally the big issues are if it is capital loss, and if it is a wash sale |