Investment (loss) question - Saab General Bulletin Board - Saabnet.com
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Similar to most people, my investments have taken a substantial hit in the last year and a half. I am strongly considering selling my investments (mutual funds) at a loss, and then repurchase the same or similar investment 30 days later. This would allow me to take the loss on my taxes. There is the possibility of missing out on a run up in the market (I may also miss a decline), but my question is if there are any flaws in my logic.
My understanding is that you can only take the loss if you do not purchase the same or similar investments within 30-days. I will probably stagger my sales/repurchase (ie SP 500 index fund one month, international fund another, small cap fund another).
Thanks
Mike
posted by 76.253.7...
_______________________________________
1996 900 Turbo Convertible- Sold
1986 9000- Sold
1995 9000 Aero- Current
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