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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > tax loss selling is stupid
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Post by ckstar83 on Dec 04, 2012 5:18pm

tax loss selling is stupid

if your gonna buy back the same stock, just as ARK stated if gets offset by you rcapital gains..........in fact its worse to tax loss sell and buy back, b/c you lose money on the commissions to sell than buy back later.........
Comment by ckstar83 on Dec 04, 2012 5:24pm
however, if you think the stock will go up, you can sell,  take the tax loss and buy some in your TFSA as an option (if your in canada), so in that instance it would be good or in an RRSP
Comment by ark88 on Dec 04, 2012 5:29pm
You can not do this in a registered account like rrsp or tfsa. this is not the same as selling and taking capital loss. you have to sell, wait 30 days and buy it next year. its kind of a tax loophole and it can be very advantageous.  
Comment by ckstar83 on Dec 04, 2012 5:47pm
ur right ark
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