Replies to post #187359 on Amfil Technologies Inc (FUNN)

[AlleggsoneBasketcase]

I believe 3 days for funds to settle in order to purchase the same equity again. I could be wrong though. One thing to keep in mind is the lower cap gains tax if you hold. Its a fairly substantial % if held over a year. I have thought the same before, but have just accumulated instead. I truly believe this equity is undervalued and will see a very much anticipated rise soon. That being said, it's about time lol. Glty

[David2011]

You also will need to be careful about the "Wash Sale" rules. They are no fun and can prohibit you from taking the loss that you are talking about. Just google search wash sales and a lot of good information should come up.

[User-65225]

Your anticipated tax loss is disallowed if, within the period beginning 30 days before the date of the loss sale and ending 30 days after that date, you acquire “substantially identical” stocks or securities.

[Hitman1127]

Don’t wash your losses. Even if you got the shares back a little cheaper the tax burden would cancel(if not worse) any additional shares you’d be able to add. You’d have to wait 30 days to rebuy which is a big risk imo.

Hypothetically..... If you bought 100k @0.16 and sold @0.08 you’d be taking a loss of $8,000. If you rebought the same 100k before the 30 days those losses are washed. Then if if it runs to 0.16 again you’d be paying taxes on $8,000 of gains, or $3200 @40%. On the other hand if you simply held and the price went back to 0.16 you’d be even(no taxes) and closer to your 1 year mark, and the short term capital gains advantage. Shitty decision to have to make but seems like an easy one given what’s expected over the next 30 days.

GLTU

[Juancy]

That's a tough one, especially at this stage of the game since you will need to wait 30 days after selling to get back in. A lot can happen here in 30 days since you don't want to get hit with a wash sale.

$AMFE