Cel Sci Corporation (CVM)

[Foxwoods Man]

True if it goes back to original investment!! You break even!! Why would you get a tax loss you made it back up??

Say you sell 10,000 shares in DORK at $1 that you bought for $2...you have a confirmed $10k loss for IRS purposes...this does NOT ever change in the eyes of the IRS. It IS a loss and can offset any gains in your portfolio...IT is NOT affected by any future transactions. (not talking portfolio gains/losses..only IRS)

If you then buy DORK back at $1 in a week (less than 30 days) and it goes to $2. You then sell and confirm a $10k GAIN with the IRS....the gain IS taxable and is NOT offset buy the previous sale. Your portfolio will show a net change of ZERO (started at $2 and now at $2) but you will owe taxes on $10k which is not a good thing. (Wash sale rule)

Now if you can wait 30 days to buy back DORK at a buck and then sell at $2 your "loss" will offset your "gain" and you will have no tax consequences with your $10k "gain"

Again, not talking portfolio gains/losses...just IRS facts