PAO Group Inc (PAOG)

[BigBadWolf]

hopefully the new buyback happened on day 31 after your sale. that would allow you to take a deduction against any future profits...if prior to day 31...it's considered a Wash Sale by IRS definition.


What is the Wash-Sale Rule
The wash-sale rule is an Internal Revenue Service (IRS) regulation established to disallow a tax deduction for a security sold in a wash sale. The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so. A wash sale also results if an individual sells a security, and the spouse or a company controlled by the individual buys a substantially equivalent security.

here's to profitable decisions & yes I am still far in the red here myself yet have not sold...either ride it up or use as a tax loss for my other gains year end