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Ask Ed: Financial Planning Questions And Answers



Ask Ed: Financial Planning Questions And Answers

Ask Ed: Financial Planning Questions And Answers

Question: Can capital losses be carried forward indefinitely?

Answer: Yes

Question: What is the “wash sale rule”?

Answer: A wash sale takes place when you sell or trade securities at a loss and repurchase the same or substantially identical securities within thirty days or purchase options or futures contracts to purchase substantially identical securities.

Question: How can I determine what the IRS considers @substantually identical securities?

Answer: IRS Publication 550 or consult a tax professional.

Have a question? Contact Ed Mahaffy.

A GIFT FOR YOU!

Complimentary Copy Of eBook: How To Select A Financial Advisor
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Ed Mahaffy

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Our approach is cost-effective and tax-efficient. As an independent investment advisor, we can offer you a personalized financial strategy, not a generic investment program. Your individual portfolio will be based on your unique situation, your values, your preferences and your goals. It will be designed to account for change, in the markets and in your circumstances.

As your professional partner, we’ll work hard to earn your trust and confidence, and provide the advice and service you deserve. Send me a note regarding any questions you may have about any particular investment concepts or products. We’ll get back to you quickly with a thoughtful answer.

Request A Copy of “How To Select A Financial Advisor” at

https://www.clientfirstwm.com/download-my-book

You can reach me directly at ed@clientfirstwm.com or call 501.603.0406

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