TSXV:BTI.H - Post by User
Comment by
unclepiemanon Aug 03, 2023 12:51am
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Post# 35570414
RE:RE:RE:RE:Woohoo! another 9 more cents and I can sell at a 75% loss!
RE:RE:RE:RE:Woohoo! another 9 more cents and I can sell at a 75% loss! correct, bankrupt.
That's one way, but what if you have cap losses and don't want to trigger any capital gains to write anything off due to potential upcoming events where long-term holding will get you better results than selling only to re-buy and trigger a wash event... anyways. If you don't have capital gains to write it off against then you you are only limited to a % of the total lossess against your total income. The rule changes when the company goes under, I believe you are allowed to write off 100% of the lossess against your earned income.
Not a tax or financial advice.