COI 2.94% 16.5¢ comet ridge limited

calling long termers, page-4

  1. 208 Posts.
    CLDH, do you run a trading business or have you received a private ruling from the ATO being a trader?

    I work as an accountant, just thought I'd let you know, if you are not a trader then your losses are capital losses.

    Selling your shares for the loss and buying them back soon after is called a wash sale and gets caught under the Tax office anti fraud laws.

    That's if you get audited that is.

    If you don't then all good :)

    Just FYI.
 
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