FMG 1.10% $19.76 fortescue ltd

Iron ore price, page-47571

  1. 673 Posts.
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    It's all about intent. Eg if you sell to crystallise the capital loss and rebuy immediately it's a wash sale.

    if you sell because it's a good time to sell and you rebuy cause it's cheaper etc and you can prove you weren't doing it solely for crystallising the loss you're all good.

    tbh I think it would be hard for the ato to prove but certainly am not reccomending!
 
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