shalab Posted December 16, 2011 Share Posted December 16, 2011 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. Link to comment Share on other sites More sharing options...
ShahKhezri Posted December 16, 2011 Share Posted December 16, 2011 Selling BAC options and half of my equity position to cover MBIA gains. I can star selling Dec 26. Link to comment Share on other sites More sharing options...
CONeal Posted December 16, 2011 Share Posted December 16, 2011 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. Link to comment Share on other sites More sharing options...
SharperDingaan Posted December 16, 2011 Share Posted December 16, 2011 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 Link to comment Share on other sites More sharing options...
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