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Investment Portfolio

Updated: January 7, 2009
With less than two weeks left in 2005, this may be the ideal time to check your investment portfolio for those great ideas that didn`t work out and consider trimming your tax bill by selling them for a loss. How do you benefit from selling securities for a loss? Must have owned the securities for 12 months. Long-term losses offset long-term gains. Losses can offset up to $3,000 in ordinary income. Excess losses can be carried forward to future years.

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