Welcome back to Finance Friday. It's another special edition of Money Girl where I answer

your burning money questions. Today's topic comes from Rani who says, I've loved your

podcast since I found you last year. I have a question and the answer may be helpful to

others in my shoes. During COVID I opened a brokerage account and

budgeted $500 to invest in stocks, something that had long been on my bucket

list and was a fun distraction. I chose carefully and my

investments were small since I wanted to have fun with no regrets. I did pretty well

with my stock investments but one flopped.

Stupidly, I was so sure that the price would eventually go back up

that I bought more shares, less than a year ago.

Is there any tax benefit to waiting and selling the losing stock

after I've owned it for a year? Would it change anything for my taxes?

Randy, thank you so much for your kind words. I'm so glad that you found the

podcast last year and are getting value from it and I really appreciate your

question. Investors will always have gains and losses.

If you own a losing investment in a taxable brokerage account,

you can sell it and get a tax break.

This podcast will explain the capital loss tax deduction and how to use it to your advantage.

Welcome back everyone.

Thank you for joining me. I'm Laura Adams, an award-winning author, finance spokesperson, money speaker, founder of the

money stack newsletter and host of the Money Girl podcast with over 43 million

downloads. If you're like Ranny and loving the show, please consider submitting a five-star rating or review on Apple Podcasts,

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