OTCQX:MRVFF - Post by User
Post by
Montrose2on Sep 08, 2009 5:10pm
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Post# 16287530
Tax Break
Tax BreakCanadian Tax Law stipulates that you cannot buy the same stock back within 30 days and still get the stock loss as a deduction.
Those that sold over one month ago at .23 could take that as a loss price and then re-purchase 31 days later to essentially start fresh. For those that have been in this issue a long time that could have been an excellent strategy.
Onward and Upward