biOasis Technologies Ord Shs BIOAF

Woohoo! another 9 more cents and I can sell at a 75% loss!

[unclepieman]

LOL

Id rather this thing dies at this point so I can write the whole dang thing off rather than having to dump gains to realize this turd!

COMMON!

[beenthere]

Uncle I understand your frustration but Idon't understand the logic of your post! I am going to assume you are a Canadian here. A LOSS is a LOSS whether 100% or 75%  as you mentioned. WHY would you have to " dump " anything?? A loss  is a loss and will be carried forward until you used it against a GAIN! So why the rush?  You don't have to sell anything right

[unclepieman]

Hey, Only difference is that if it BK, I can write the whoel thing off at once without having to liquidate to take out capital gains... otherwise I'm forced to sell something good jus tto write this sucker off, unless I'm wanting to carry over the loss which at this point I just want to forget all about it and JD and move on!

[beenthere]

Tell me more! For starters what does BK stand for? Bankrupt? How can you write it off?  I always thought that capital losses always had to be used against capital gains

[unclepieman]

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

[unclepieman]

I should have added that its a % against your total income, per year v.s 100 deduction against your income in a single year.

[beenthere]

Thanks for your reply Uncle! To be honest I don't really understand! I really don't know but I assume you have done it so good for you! I have lots and lots of losses  so it doesn't affect me in the least! And now I will soon add another quarter million dollar losses which I can never use! Actually that's not right! I have a quarter of a million dollar losses with. BTI

[TheTruth1234]

Wait, Beenthere.  Remember, its not a loss, until you sell!! Exacts words from Johnny boy!