“Tax-loss selling comes with many potential benefits, but it nevertheless has some strings attached. The key thing for investors to remember is that it has a deadline. For both Canada and the US, the last day for tax-loss selling in 2019 is December 31; however, investors should remember that they need to make these trades by December 27, for processing time. Investors still hoping to take advantage of this strategy will have to make their trades soon, as the deadline is less than two and a half trading days away now.”
“Due to the appeal of the tax-deductibility of losses, some investors may consider selling an asset at a loss, deducting that loss for a tax gain, and then turning around and purchasing the exact stock again once again in an effort to evade taxes — this is known as a wash sale. Unfortunately, a wash sale is prohibited by the Internal Revenue Service (IRS). If the IRS deems a transaction to be a wash, the investor would not be allowed any tax benefits. In order to avoid tax-loss selling to be deemed a wash, investors need to wait 30 days in order to repurchase the shares which were originally sold for a loss. Additionally, shares sold for a loss must have been in the investor’s possession for more than 30 days.”
Little to no tax loss selling does point to January holding/buying, according to this groundhog.
Good call, biotechnician and longs who discredited this back in October / November.
Biostock
Sarcasm alert: Now, we just have to deal with the specters of: “dilution”, “patent and ownership issues”, “Dr. Missling’s degrees being authentic”, “not enough PR’s and pumping”, and so forth...enrollment puzzlement and one very troublesome outlier, lol. Got this(!), but the discussion is too amusing to stop:)
News 
Market Data 
Discover 
AI
