Originally posted by: Lothar
Does selling for a loss and repurchasing the same stock count?
Originally posted by: Lothar
Does selling for a loss and repurchasing the same stock count?
Originally posted by: TallBill
I actually don't have an IRA set up right now with Vanguard. My wife has one through her employer and I have a 401k through mine, but our annual contributions are fairly low. Should I sell $3,000 worth of a mutual fund and rebuy the same fund in an IRA account? What would my total tax implications be?
Edit - I'm actually going to call Vanguard on this and see what they say.
Originally posted by: senseamp
Yeah, just sold FCX to offset capital gains from earlier in the year...![]()
Originally posted by: TallBill
I actually don't have an IRA set up right now with Vanguard. My wife has one through her employer and I have a 401k through mine, but our annual contributions are fairly low. Should I sell $3,000 worth of a mutual fund and rebuy the same fund in an IRA account? What would my total tax implications be?
Edit - I'm actually going to call Vanguard on this and see what they say.
Originally posted by: Special K
Originally posted by: TallBill
I actually don't have an IRA set up right now with Vanguard. My wife has one through her employer and I have a 401k through mine, but our annual contributions are fairly low. Should I sell $3,000 worth of a mutual fund and rebuy the same fund in an IRA account? What would my total tax implications be?
Edit - I'm actually going to call Vanguard on this and see what they say.
If you haven't maxed out your tax-sheltered retirement accounts yet, why are you investing in taxable accounts?
Originally posted by: Crusty
Technically my software sells stocks for losses all the time(like hundreds of times a day)... but it also sells them for gains too![]()
Originally posted by: Special K
Originally posted by: Crusty
Technically my software sells stocks for losses all the time(like hundreds of times a day)... but it also sells them for gains too![]()
What software are you using/making?
Originally posted by: snoopdoug1
Originally posted by: Lothar
Does selling for a loss and repurchasing the same stock count?
That's a wash sale though?
Originally posted by: TallBill
I actually don't have an IRA set up right now with Vanguard. My wife has one through her employer and I have a 401k through mine, but our annual contributions are fairly low. Should I sell $3,000 worth of a mutual fund and rebuy the same fund in an IRA account? What would my total tax implications be?
Edit - I'm actually going to call Vanguard on this and see what they say.
Originally posted by: Lothar
Originally posted by: TallBill
I actually don't have an IRA set up right now with Vanguard. My wife has one through her employer and I have a 401k through mine, but our annual contributions are fairly low. Should I sell $3,000 worth of a mutual fund and rebuy the same fund in an IRA account? What would my total tax implications be?
Edit - I'm actually going to call Vanguard on this and see what they say.
You can't claim loss on Traditional IRA/401k accounts.
You can however claim loss on Roth IRA accounts but it will be an idiotic decision for one to make.
Originally posted by: Zaitsev
I moved my mutual fund to money markets to prevent loss. So it is possible for me to lose if I don't switch back in time. I don't think that counts...