FormerXBC Inc XEBEQ

RE:Last day of tax loss selling...sideways until next year

[ZouZS3]

Often, the best candidates for tax-loss selling are companies that have run into trouble and are unlikely to recover soon, if ever stocks you would probably be selling anyway. If you believe a stock will rebound, you should think carefully before selling and potentially missing out on the recovery. Generally, it's best to consider investment fundamentals first, and tax consequences second. In other words, don't let the tax tail wag the investment dog.

ZouZS3 wrote:
If they want to buy it back before the rally in January, they have to sell now or they'll have to wait until end of January to buy back. When you sell an investment and trigger a capital loss, the superficial loss rule states that you can't deduct the capital loss if you buy (or purchase a right to buy) an identical security within 30 days of the settlement date of your sale transaction. This means you can't purchase the security 30 days before or 30 days after your settlement date. Violating the rule means your tax benefit would effectively be cancelled. The rule also states that affiliates" can't make a purchase.