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Bullboard - Stock Discussion Forum Liminal BioSciences Inc. LMNL

Healthcare Biotechnology
Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed... see more

NDAQ:LMNL - Post Discussion

Liminal BioSciences Inc. > refinancing restructuring loss question
View:
Post by Longies123 on May 18, 2020 2:36pm

refinancing restructuring loss question

Hi To ALL 
Just have question 
For all the long investors who lost so much money from the restructing of PLI 
Can that loss be tax deducted on their personal 2019 taxes ?
Thank you
Comment by realstocky on May 18, 2020 2:51pm
This post has been removed in accordance with Community Policy
Comment by GunnerG on May 19, 2020 8:06pm
In TFSA account no.  Otherwise, Yes. Stups hasnt a clue of what he talks about.
Comment by ToTheRightAndUp on May 18, 2020 3:38pm
I'm pretty sure you can as long as you actually sold and it wasn't in a TFSA. Others can chime in if I'm wrong.
Comment by PLITheOne on May 18, 2020 4:14pm
The losses for some on this are outright discusting and we can thank Thomvest for that.  If you had had capital gains this year the losses would offset I. Report your losses as they will be carried forward indefinitely and may be used in the future. You are also permitted to apply them to returns going three years back where a capital gain was reported, so to 2016 which I believe is line ...more  
Liminal BioSciences Inc.
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