Replies to post #83234 on Laidlaw Energy Group, Inc.(fka LLEG)

[eet2]

If you want to take a loss this year, can you not buy equal amount of shares before you sell, first in first out rule and you still get to write off your loss?

[dragondawg]

Those who paid .006 or anything less than

Depends on positions and what happened before the buy-sell. As I understand it if someone sold at 0.006 on 22-Nov, bought back at 0.005 on 09-Dec, and then decided to sell at a loss today - wash. Well within the 30 day look back period.

Agreed that an IRA doesn't have to worry about it.

What is missing on the original premise is that someone who bought at a much lower price may have decided to just get out at a profit. December sells don't have to be about losses. Maybe junior wanted a new toy or sumpthin.