Kraig Biocraft Laboratories Inc (KBLB)

[es1]

Yes I realize that.
That is why I said the first few weeks of the year.
EOY sales have 2 normal moves. At the very end of november and the last week of december.
I have used both periods to my gain many times.
This year I personally took my EOY losses in november since I didnt have much loss and WAY too much gained.
But wash sales dont stop EOY selling.
They will still sell the losses and will still buy back too soon and not take the loss on taxes.
I would do it if I had any more losses to take.

If the pps climbs above the sell and you buy back you just dont take the loss when tax time comes.

I like to buy in the november dip and sell in the december dip myself.
I missed that chance this year cause I sold into the November dip


It isnt illegal to make a wash sale. It's illegal to claim the loss.

And there is also a bit of a loophole in that as well if the price drops lower than your loss price and you reload.

What happens if you bought at .25 and sold at .19 for the loss. But then load up at .18?
It's a technical wash sale.
So when you sell those at .25 again did you gain 6 cents or 7 cents a share on the wash?

Personally have not had this situation before but it's pretty confusing