At least in Canada, you can only write off whats called a Capital Loss against a Capital Gain... So for example, if you had 3 stocks that you sold that made a total of $10,000 and one stock that you sold that lost $5,000 this year, the 5K loss takes care of 5K of gain, so you only add the remaining 5K of capital gain to your income to pay da man...
Remember, this is only IF you sell, so you gotta ask yourself, do you need to reduce the tax you are going to pay on your other investments this year? Are you willing to wait forever for this stock to come back? It may be beneficial to sell for the tax loss and take the hit - ask your accountant his or her opinion on that....
Not me though, I'm going to let'r ride and I really, really hope I owe a pile of taxes one day on AWSR stock because that will mean I will have made a lot of money!
C'mon na...
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