Important legal information about the e-mail you will be sending. Section stock should be issued pursuant to a written corporate resolution. This is particularly true for sales of closely held or other nonpublicly traded stock. Partner Links. When looking for tax-loss selling candidates, consider investments that no longer fit your strategy, have poor prospects for future growth, or can be easily replaced by other investments that fill a similar role in your portfolio. The shareholder must have purchased the stock and not received it as compensation. A majority of the corporation’s revenues must come directly from operations.