quiet, page-11

Here is my situation:

I have been wrestling with this tax problem for over 1 year. My wife and I were classified by our accountant as share trader in tax year 2007-2008. In 2008-2009, we could have sold CVN and switched over to BOW when CVN was 88c (3 times) and BOW was under 85c in June. In June, we have held CVN for just over 12 months. We didn't sell CVN and buy BOW. We have missed out over $350K gain through the additional shares in BOW so far. My strategy now was to do minimal trading in 2008-2009 and continue in 2009-2010 in order to become share investors. Our tax accountant was a relation of us with joint property investments, so we don't want to change to a new accountant. I have talked to a few accountants and they all said it is allowable for a share trader to claim 50% deduction. But, my accountant said no way. Any suggestions are most welcome.