Selling losing stocks now is a smart tax move. Buying them back before January is even smarter
You only have a couple more days to profit in two different ways from tax-loss selling.
I’m referring to the sale of stocks you’re holding at a loss in order to offset the capital gains you have previously realized so far this year, and on which you will otherwise have to pay tax this coming April.
The second opportunity to profit traces to the tendency of stocks sold in December to bounce back in the New Year. You may therefore want to get back into the stocks you sold by the end of the year.
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