Titan Medical Inc (TMDIF)

[Geo2014]

Just something to ponder for anyone that bought in before the last RS and still holds some/all of those shares, and you think this stock still has potential in the next 12 to 24 months. You might consider selling some of those for tax harvesting. I sold 33k shares a week ago for .73. The cost basis for those 33,000 shares was a $6.40 average per share because most were purchased before the RS. I received about $24k for my sale and took a capital loss of $187,554.19. After a minimum of 30 days I can buy these back (hopefully at a nice discount) and I will have $187,000 to offset my future capital gains. You can carry over your losses to future capital gains. So I can basically cancel out the taxes on my first $187,000 I make on Titan (or any other stock). And hopefully I will still have the same number of shares, or more, that I had when I sold last week. Remember, The shares you buy while Titan has PFIC status will always be taxed as a PFIC.

We are all in different scenarios. I am not advising anyone to sell. Just giving you an alternative to think about in case it is something that might help your situation.