Calissio Resources Group Inc (CRGP)

[ParseRaider]

Wash sales are illegal.

Ignorance is no excuse as I found out also.

I had sold at a loss and was trying to take the loss [ not meaning for tax purposes tho I dont see why that would be a problem personally] and re-enter the sale at a lower price. Uncle Sam made the stock dealer add the difference of the loss to the cost of the new shares because I bought back in the same stock within 30 days.

Had I waited the 30 days, all I would have had was a tax writeoff for the original loss and no wash sale charge and could have bought in lower than the sale that caused all the problem.

I don't think is a criminal charge as the broker is forced to make the charges immediately but I think repeated offences would cause a "Breach of good faith" under my broker rules. [fidelity]