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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by fdfd12on Jan 22, 2016 8:41am
152 Views
Post# 24483366

RE:30 Day Rules.

RE:30 Day Rules.That is the most useless rule there is.
There is no 30 day rule.

If you guy a stock at 10 and sell it for 9, you have a capital loss of $1.
This you can declare.

If you buy the same stock for 9 the DAY AFTER, then, since it is not after 30 days,
your purchase price becomes 9+10=19.
Rmember the $1 loss is forgotten for now. You can't claim it.

Then this same stock you sell it for 12. So what this means is that
you bought it for 10+9=19 and sold it for 12 and you have a loss of 7.

It comes to the same thing.
Most useless rule.

Link    https://wheredoesallmymoneygo.com/superficial-loss-rules-in-canada/
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