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Zecco.com » General Investing » New Investors » Picking specific lots from which to...
Last post 02-10-2008, 6:37 PM by Elenadelrio. 16 replies.
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  •  02-10-2008, 6:04 PM 23432 in reply to 23420

    Re: Picking specific lots from which to sell?

    Reply Quote
    I agree with jderose9 here. Selling lot 1 at a loss is actually better, because you can take the loss on your taxes.

    The only exception would be if your lot 2 purchase occurred within 30 days of the lot 1 sale. In that case, it's a wash sale and you don't get to take the loss. I hope that's not the case.

  •  02-10-2008, 6:37 PM 23433 in reply to 23432

    Re: Picking specific lots from which to sell?

    Reply Quote
    Thanks for all your replies! As a new investor, I appreciate the interest in this topic.
    Lot 2 was purchased before sale of lot 1. Both were there, only I could not choose the one I wanted to sell.
    I never, ever, thought of selling at loss as a beneficial situation. But several replies are pointing in that direction. My aim was to wait long term until lot 1 was profitable, since I did not need the money, but I guess it is common for investors to sell at loss purposedly for tax writeoffs.
    It also seems clear that Zecco does not offer the option of choosing specific lots, after all.
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