Modern Mobility Aids Inc (MDRM): $MDRM Could tax loss selling season...

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Until2020, formerly Until2017

Re: None

Thursday, 12/31/2015 12:39:49 PM

Thursday, December 31, 2015 12:39:49 PM

$MDRM

Could tax loss selling season be over ?

Symbol
MDRM
Last
0.042
Change
+0.008 (+23.53%)
Bid
0.04
Ask
0.045
High
0.042
Low
0.035
Volume
128,000
Time (ET)
11:38:34 AM

If people sold to harvest their tax loss more than 30 days ago,
they could begin restoring their sold position now already . As
per the rules that you cannot buy back the sold shares for 30
days.

REFERENCE :
Thus, on Schedule D of the 1040 tax form, the loss will be disallowed if the same or substantially identical asset is purchased within 30 days. This is called the "wash-sale rule."

Read more: Tax-Loss Harvesting: Reduce Investment Losses | Investopedia http://www.investopedia.com/articles/taxes/08/tax-loss-harvesting.asp#ixzz3vvAlqWFS
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