Tuesday, April 13, 2010
Losses and Gains
So I finally just finished my taxes. After a gruelling search for the cost basis for a mutual fund I sold that I'd bought in 1998. The good news is that I found it. The bad news is that I sold the fund at 1/2 price. And i held $10,000 of it. So I had $6,000 in recognized losses this year. Ugh. The good news is that I am now getting a tax refund, whereas without these losses I would not be. Also, I have $3K to carryover to next year! I guess that is also a good thing, in a way. What would be better is if I could make better investment decisions and pay more attention to my investments. But I guess I shouldn't be too hard on myself since 2008 was killer for everyone.