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Old 11-19-2008, 09:10 PM
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Join Date: Nov 2008
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Tax loss harvesting

I have substantial losses this year and few gains. I plan to buy back similar but not same funds that I would sell. Does it make sense to sell in this situation? On one hand I get large losses to carry over to subsequent years. On the other hand I will owe more taxes on the funds I buy now (when they go up) because of their low basis. Is this essentially a zero sum game I am playing?



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