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Re: Rootjim post# 211134

Wednesday, 01/30/2019 8:23:00 PM

Wednesday, January 30, 2019 8:23:00 PM

Post# of 700322
Tax-loss selling seems to make the most sense, given that LP and Toucan booked big gains when they sold Cognate in 2018. Thus realized losses on NWBO stock to offset gains from Cognate sale.

She could technically buy the stock back after 30 days (to meet the wash-sales rule); but will she, and is she allowed to do that, being an insider?

It also could be a sale/gift to her grandkids. Who knows. Transfer now when the value is low so that it is well below lifetime gift-tax limits, than later when there is huge appreciation the stock and exceeds gift-limits and thus subject to taxation.

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