[Aurel]

A few years ago, I made a bad investment on a stock that has kept going down, but I haven`t sold yet. The $2,500 I invested are worth about $200 now...

This year, I got relocated and received lots of benefits that are taxable as income. Thus, I am looking at a higher than usual tax bill, not sure by how much yet.

So, would it be a good idea to sell that bad stock and use the loss as a deduction to reduce my tax liability? I am pretty sure this stock is never coming back anyways.