Again, I was merely pointing it out as that is the law.
I work in tax and I didn't know this until I saw the OP comment about writing down losses. I was like never heard of it. Wasn't until my boss told me about share washing that I even knew about it. Before I knew it was anti avoidance law and they can disallow the loss, I thought it would be common sense for an investor to do it. Almost like its common sense that you claim a tax deduction to reduce your taxable income.
Even after working in tax now close to 10 years, Ill never understand how if you make money they want you to pay tax, but if you lose you don't get some sort of tax refund. Funny that isn't it.... They allow you to carry forward a loss that may never be used....Thanks for that, thanks a bunch....
Sell in May and go Away ! or not ? chart thread, page-331
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No. | Vol. | Price($) |
---|---|---|
53 | 181832 | $3.05 |
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Price($) | Vol. | No. |
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28 | 226210 | 3.040 |
35 | 281443 | 3.030 |
24 | 277053 | 3.020 |
29 | 252465 | 3.010 |
Price($) | Vol. | No. |
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3.060 | 195692 | 33 |
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