Value Buy
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Post by Value Buy on Dec 8, 2015 20:16:08 GMT -5
I have sold some stocks this year with some hefty long term gains, which are going to create some federal and state tax bills. I have sold stocks in the past for gains, but never have had short term losses to offset the gains.
I have a spin off of Columbia pipeline group that occurred on July 1st, from Nisource. The stock is down about $9 a share right now and I could sell some and create a short term loss. I have checked, and even though it is a spin off from another company I owned , it would be less than a six month hold, so I cannot list it as a long term loss this year.
My question is, can I use this loss to reduce my long term gains or can you only use long term losses to offset long term gains?
I know no one likes to give tax advice, but I would appreciate anyone that has had this situation, they could give me a quick answer.
PM me if you prefer. thanks!
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Deleted
Joined: Mar 29, 2024 5:47:11 GMT -5
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Post by Deleted on Dec 10, 2015 11:41:50 GMT -5
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