Re: Selling stock to pay off car
I am with Kristine. Not enough info - depends on all of the tax ramifications.
We actually did sell some stock to put down on a car this year ourselves. We had been waiting for a high income year to sell this stock since it would generate a large loss ( from the days of the dot com bust). We only had 1 good stock I Would have kept, but overall I Am done with stocks, and didn't intend to keep it anyway.
If it is a good stock, would change my opinion.
So in theory I am with you and have been there. Just not enough info to say for sure.
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