Anyone have any opinions or even a formula for taking gains or taking losses for tax purposes?
Here is my situation... I have one stock and one municipal both traded in a post tax "Play" account... I am going to share the tickers because it will help ..
I have MUI which is a tax free Muni that can take a loss on.. and trade up for MUS.. I am down 38% on it..
I have COKE that I am up 198% on right now.. which I think is a good time to sell off some of it..
Is there a way to calculate how much of each would offset? Assume Coke is not subject to short term gains?
In a nutshell, is there any offset losses and gains strategies to help come april 15th?
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