Replies to post #6988 on First Mining Gold Corp (FFMGF)

[eik]

If you sell stock for a loss, to claim this as a loss for tax purposes you need to wait more than 30 days before buying shares back. Otherwise it will be a wash-sale. So, you can sell shares by the end of December. That's why brokerages send you 1099 statements in February when it's clear which last year transactions were actually wash-sales.