Brilliant. I own some Bed Bath and Beyond stock. I was going to sell it for a ton of money, but now that the company is bankrupt, I can sell it for practically nothing and avoid taxes!
You probably can. You wouldn't have bought them strategically for that purpose of course.
Most people probably pick a mix of winners and losers. After you find out which ones were the losers, then I guess you can cash them in to lower your taxes strategically. I think that's the idea.
Most people probably pick a mix of winners and losers. After you find out which ones were the losers, then I guess you can cash them in to lower your taxes strategically. I think that's the idea.