club_cafe: Capital losses

iras1 on

I wouldn't sell any winners unless the sale made sense from an investment quality perspective. That is, you had decided to sell the company for reasons other than taxes. Any net loss at the end of the year will pass-through to the partners. They will be able to include the loss on their respective tax returns.

Ira Smilovitz

In a message dated 9/11/2005 10:19:13 P.M. Eastern Daylight Time, marcia@bivio.com writes:

We sold stock with a long term capital loss of $1500.00.
(ouch!) Should we sell a winner to offset that loss or
won't it matter since the club is a pass thru and that loss
will go to the members to use on their personal taxes at tax
time. There are only 4 of us left in the club so that loss
could be between $400 to $500 for some. ??

Thanks.
Marcia
Valley Ladies Investors
Mesa, AZ

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