Kraig Biocraft Laboratories Inc (KBLB): "Once you sell, to see tax benefits, you...

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Re: abomination907 post# 80911

Saturday, 09/27/2014 1:13:19 AM

Saturday, September 27, 2014 1:13:19 AM

"Once you sell, to see tax benefits, you have to stay out for 30 days, me thinks"

Well, you would be wrong...not unusual

Actually he is sort of right. If you buy back withing thirty days it is considered a wash sale and that changes your basis for gain/loss calculations, which could affect your tax situation.

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