tax selling strategies

[shalab]

What are the strategies the board members use for tax selling? e.g:, sell BAC that has gone down to balance the gains elsewhere? Buffett has done this where he sold COP to minimize his taxes even though he still has a large portion of his net worth in it.

 

 

[ShahKhezri]

Selling BAC options and half of my equity position to cover MBIA gains.  I can star selling Dec 26.

[CONeal]

Sold a large chunk of RIMM awhile back to offset other gains.  Not holding a loss in other stocks or those would have sold those up to a point of offsetting gains or at least enough to place me in a lower tax bracket.

[SharperDingaan]

Same day sell from taxable accounts & buy from the tax-free/tax-deferred accounts < Dec-31. Sell from the tax-free/tax-deferred accounts by the end of the 2nd week in Jan. Repurchase in the taxable account > Jan-31.  ;)

 

The tax-free/tax-deferred accounts pick up the year-end tax selling gain. The taxman gives you a refund on your taxable account. You reset your cost-base without wash-trading interference. 

 

SD