What part of the year do you glean long term capital losses??

[Cabin1111]

It use to be I would do it in November and December...Since I would need to see what was what. Catch my breath and work the numbers toward the end of the year.

I use to pin them together for tax purposes...Most of us would.

But I do some covered calls. Many don't get called away...So I just glean the profits.

Others, I will do way out of the money. Those I can see early on (for that year) they will "probably" get called away.

So for the last few years, I am looking earlier and earlier for my losses to match.

Are any of you doing the same...Looking earlier in the year for matches of long term and short term gains and losses??

 

[Cabin1111]

Just thinking out loud...I could buy back some puts.

Clear positions (do more covered calls, if I wish) and capture some long and short term losses...

It needs to be on companies I feel really strong about. I would hate to buy back the put, then it tanks!!

Running things over in my mind. ET is a good backboard for that. Reject much of what is said, but grab the good inputs...

PS For years this didn't matter...We would never pay huge amount of taxes (except when we sold property). When CD/Treasuries were less that 1% who cared about taxes?? Also having SSI and a small pension (wife's), that comes into play...

Now with US Treasuries and CDs rising above 5%...I need to take a closer look.

Grab losses earlier and more often...