Christoffe sells 1,000 shares of HoTech Corporation preferred stock for $37 per share on August 3 of

Question:

Christoffe sells 1,000 shares of HoTech preferred stock for $37 per share on August 3 of the current year. Sales commissions total $300. The stock's price has been falling since after HoTech's management was sued for patent infringement four months ago. The price is expected to keep falling at least until the law suit is settled. Christoffe received the stock as a Christmas gift from his wife last year. She paid $48 per share plus a $400 commission for the stock. Christoffe is wondering what to do. The year-end is approaching, and he wants to optimize his tax position. Christoffe's current contains the following corporate stock:

Christoffe sells 1,000 shares of HoTech Corporation preferred stock for

Make recommendations to Christoffe.

Corporation
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