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Tamerlane Ventures Inc. V.TAM



TSXV:TAM - Post by User

Bullboard Posts
Comment by henkh73on Nov 28, 2007 12:49pm
112 Views
Post# 13881374

RE: RE: Tax loss selling

RE: RE: Tax loss sellingYou cannot claim a tax loss if you buy a stock you sold for a loss until 30 days later. Also you cannot claim the loss if you bought it within 30 days prior to selling. People want to claim the loss for this year, but still want to hold the stock for next year, so they sell now and buy back at the end of the year. So the portfolio looks the same, but the capital gains have been reduced. However, what is not clear to me is which is the last date one should use: the transaction date or the settlement date. Bamako, you seem to suggest that it is the transaction date (given that you mentioned that Friday is the last day).
Bullboard Posts

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