Charge Enterprises Inc (fka CRGEQ)

[doone]

Thirty day wash rule.

http://www.fairmark.com/capgain/wash/

Tax question for the board- I have 19k in realized gains for goig and probably 90k in unrealized losses. Since I dont want to pay 5k in takes this year on my realized gains, should I sell more goig for a loss to even it out, and buy it back right away so I have no capital gains tax this yr?

If you think you may want to repurchase a position after a sale that you are using to offset gains, you can buy the position today (if you think it is going to be cheaper now than in thirty days), then sell your other lot anytime after thirty days. This way you are obeying the 30 day wash rule, without waiting 30 days to buy it back. (of course you need to have extra funds for the extra position, and be sure you have at least 31 days left in the calender year)

I do not give tax advice, please speak to your tax advisor in regards to the 30 day wash rule or any other tax issues.