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Need advice on selling for a loss to offset capital gains

Posted on 11/16/21 at 10:15 am
Posted by cstev12
Houston
Member since Mar 2010
795 posts
Posted on 11/16/21 at 10:15 am
I have realized some capital gains this year with the selling of some stock. I'm thinking of selling some old Halliburton stock I have at a loss to offset the capital gains and re-buying in 2022 (after 60 days). Is this a good idea? Should I reconsider and just pay the capital gains tax which would be roughly 4-5K?
Posted by Buck_Rogers
Member since Jul 2013
1844 posts
Posted on 11/16/21 at 10:22 am to
Pretty sure you can buy back after 30 days and it not be a wash sale.
Posted by cstev12
Houston
Member since Mar 2010
795 posts
Posted on 11/16/21 at 10:32 am to
Yeah I think you are right, looks like it is 30 days
Posted by oatmeal
NOLA
Member since Apr 2014
518 posts
Posted on 11/16/21 at 2:35 pm to
you need to wait 31 days before the reinvestment.
Posted by slackster
Houston
Member since Mar 2009
84886 posts
Posted on 11/16/21 at 2:43 pm to
When you tax loss harvest, it is ideal if you can find a short to possibly long term alternative for the 31 day waiting period. Maybe you sell HAL and buy SLB instead?

Depends on the situation.
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