Quote:
Originally Posted by redalpha7
Please correct me if wrong, the timing issue may come into play if you capital losses ( stock losses) . You can use the loss to offset the gain .
Nice problem to have
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This is correct. Any current year losses or prior year loss carry forwards of capital sales can be used to offset the gains from the sales of collectibles.
So if you have any stocks that you just keep waiting to rebound as they plummit farther and farther towards penny territory...you now have a reason to sell!!