"measure twice cut once" comes to mind. How do you miss by 3x?I am trying to help a friend with a situation. He was trying to offset 10K of losses. So he started selling. But because he didn't do the math correctly, he sold too much and ended up with 20K of gains.
If settlement is tomorrow, ie the trades were just done today, and your friend has other tax lots of the same stock with a higher basis, he might be able to still reassign lots tomorrow for a smaller gain.
Statistics: Posted by bongo — Thu Oct 03, 2024 8:01 pm — Replies 4 — Views 143