tax question, page-5

Thanks for the replies. Sorry for the delay, busy making more losses.

Acturtle, someone on this forum mentioned running two books. One as a trader the other as an investor. At years end they ‘sell’ across the books. Would this be OK by the tax dept.

pSki. Yes, bit unfair losing the discount, but that’s life. So obviously it is wise to sell 50%discountable shares only in years of capital gain. What happens when the gain is marginal. Eg. As before shares sold <12 months = $1000, shares > 12 months =$200, shares at a loss $950.