I cahsed 30 k from stock market, should i cash some losing stocks, take a loss and put it agains't gains?

Question

is it worth it to loss some money just to go agains't some gains, i will also only have about 20 k in earnings this year to declare from work...

Answer 1

Unfortunately, many decisions are based on tax consequences.

I'd have to research your portfolio before I could offer advice.

Even though the market has improved, the effect could be temporary.  There's still some bad news to come.

In most cases the maximum net losses you can deduct is $3000 in a specific year.  

Be selective about selling.  Many stocks which performed poorly in the first 7 months will do better later this year.  Try to sell dribs and drabs, then dump a bunch for a loss around mid October.

A lot will depend on the election and the price of oil later this year.