Kgtom is completely correct .. You can sell for the specific...

  1. 3,795 Posts.
    Kgtom is completely correct .. You can sell for the specific reason of " attempting to claim a loss " ..The Loss will be dissallowed . You cannot sell for the specific reason of obtaining a loss .. you may however sell and decide for " other reasons " that the stock may well be profitable . Make a note of your reasoning , in writing as to your actual intent , include this in your file and always assume an Audit .. have all your answers ready for each relevant transaction.
 
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