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I-Glow

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Re: richi1 post# 136137

Wednesday, 03/23/2016 8:50:19 AM

Wednesday, March 23, 2016 8:50:19 AM

Post# of 137698
If the AEGY stock is in your account you can't take the loss on your taxes.

Your broker will buy the shares for what will be almost 100% loss. It might be 6 digits and as one poster stated after the fees it is basically a $0 transaction. But, you can now write off the loss.

It is more of a accounting convenience than the broker knowing what he is buying - with the thought the stock would rebound.

IG

"Are you gonna pull those pistols or whistle Dixie?"

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