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FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

FormerXBC Inc > Strategizing
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Comment by Possibleidiot01on Feb 08, 2022 12:31pm
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Post# 34409075

RE:RE:RE:RE:Strategizing

RE:RE:RE:RE:Strategizing"For the capital loss to be allowed by the Canada Revenue Agency, you must wait at least 30 days before repurchasing the security. ... Although you are not permitted to repurchase an identical security within 30 days, you are allowed to buy a similar stock and still claim the tax loss on the shares you sold."

According to this , I could buy Greenlane ( a similar stock) but rebuying Xebec within 30 days would result in an unusable capital loss.


If you're an American. you can't even buy a similar stock!
The wash-sale rule prohibits selling an investment for a loss and replacing it with the same or a "substantially identical" investment 30 days before or after the sale. If you do have a wash sale, the IRS will not allow you to write off the investment loss which could make your taxes for the year higher than you hoped.Mar 26, 2020

"Free advice is seldom cheap " - Ferengi rule of Acquisition 6

TT you needed a time horizon on this , that took regulations into effect, imho


 


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