Mr Cooper Group Inc fka COOP

[Lawrence 147]

It just seems to me that if you sold at lets say $ 5.00 and declared the profits after one year that would be one tax basis and then when you buy to replace, lets say you buy at $0.15 and for some reason you replaced at $0.16 that would be the new tax basis that you would be taxed on.
You would get the long term on your or 15% on your first sale but then when you went to replace the stock you borrowed say the 15/ 16 split from the time you bought to the time you replaced that would be the new tax basis and it would still behoove you to replace at the $ 015/16 level up to $ 1.00 just to not be stuck holding the bag when a settlement comes out and you will have to replace the stock at a $ 5.00 to $ 30.00 price range. Oh my good ness I think I just confuzzed myself.