Replies to post #2198 on BioPharmX Corp fka BPMX

[Whos_Who]

If you have your tax strategy set as (LIFO- last in first out), those recently 50 shares that you purchased at .09 will be the first to sell, so not a wash because you're selling them at 12.
You are original hundred shares are left untouched.

It goes the same as if you bought those hundred shares at $0.80, and you finally got out of biopharmx at $0.60 but never bought back in within the 30-day period to trigger a wash sale, then technically you still get a tax write-off coming to you because those shares originally were purchased above the $0.60 sale price at .80.

https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html

[Whos_Who]

Example, In the beginning of 2016, I was purchasing in the price range of $1.30 to $1.60.
I still have shares long at those prices. If I get out of BPMX for anything less, it's a tax write-off from that purchase price on those lots.
If greatness happens and BPMX has a buyout at $3.00, then I only pay capital gain taxes above that $1.30-$1.60 range and because I've held for more than a year, I only pay around 15% on that.

So I keep a healthy old chunk of shares sitting long, and flip with my new shares to keep building.

TD shows your lot transaction history under "unrealised gain/loss". There it will give you the dates on when you're short shares will turn long.