Replies to post #70742 on Auto Parts 4Less Group Inc (FLES)

[Justjoe1979]

Honestly, I have not looked into it, I assumed anything you sold before Jan 1st, and wait the 30 days to not buy back in could count as a tax loss. I sold my tax loss shares 5 months ago.

Found this

Important dates to save in 2020
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 deadlines.

For Canada, the last day for tax-loss selling in 2020 is December 29. Stocks purchased or sold after this date will be settled in 2021, so any capital gains or losses will apply to the 2021 tax year.

The system differs in the US, and based on information from the IRS, the last day for tax-loss selling this year is December 31.

Investors should always consult with an expert or review relevant tax documents directly for complete answers. This should not be considered tax advice.

https://investingnews.com/daily/resource-investing/mark-these-tax-loss-selling-dates-on-your-calendar/