Replies to post #197619 on Biotech Values

[IanFromSI]

Essentially, it seems that anyone with a PFE capital loss should sell their shares before the deal closes (2H2016). In Canada, capital losses may be carried forward forever and/or applied to any Capital gains declared during the past 3 tax years. I believe US Tax law is similar.

I'll probably take my capital gain some time next year before the deal closes; and may buy the shares back after the deal closes or 31 days whichever is longest. The intent is to reduce the likelihood of making an error on my tax return (which I do myself).