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Investors & landlords
Would the following restatement change the opinion?
For 2021, if I realized the loss of this stock, for $12k, I would only be offsetting 15% tax liability ($1800).
If I waited until 2022, assuming the stock price did not change, I could start to offset income or short-term capital gains at my marginal tax rate (>15%).
Additionally, if the price of the stock did increase, my losses are reduced and I would be able to use those losses in 2022 and beyond to offset a portion of my other income at my marginal tax rate.
If I am comfortable holding the stock and expect/lock an assumption that the price will increase, my question is does it make sense or am I missing something that would drive me to offload all of the losing stock this year?
‎December 27, 2021
12:21 PM