American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures AHOTF

Has Tax loss selling season started early?

[Jaybones17]

So how low does this go during tax loss selling season or has that started already?  The fact that the share price is at the covid lows back when no divy was paid is somewhat puzzling.

[Konaboy]

Shifted my position into tfsa ... so I guess tax loss selling has begun!

[nedstar71]

You sold at a loss and then bought in your TFSA?

[Konaboy]

Ah yup

[nedstar71]

While I'm sure you won't run into any issues the Superficial loss rule would still apply when rebuying in the TFSA so technically your loss in the non registered account would now be denied.  

[nedstar71]

Some people tend to think the CRA doesn't get an account of what goes on in the TFSA.  All the transactions are reported, just not taxed.  They would see the sale outside the account and the coinciding buy inside the TFSA, which does trigger the superficial loss.  The unfortunate part is that loss is now gone for good, it's not just averaged in to shares if you rebought in