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Microcap & Penny Stocks : BNEZ and PMA; Success in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: lakers17 who wrote (641)12/15/1998 8:44:00 PM
From: Elio Madama  Read Replies (1) | Respond to of 2648
 
What happen if we sell those pre-split shares for tax purpose?
Can we still get the dividend?

Elio



To: lakers17 who wrote (641)12/15/1998 8:50:00 PM
From: Elio Madama  Read Replies (1) | Respond to of 2648
 
This is the link to the company BNEZ bought this year.

compassdata.com

Elio



To: lakers17 who wrote (641)12/15/1998 8:51:00 PM
From: Qone0  Read Replies (1) | Respond to of 2648
 
That's correct. An investor can buy all he wants BEFORE he sells his higher cost shares,and still claim a tax loss.

But AFTER he sells,he can not buy for 31 days. If he buys before 31 days he has lost his tax loss on the sell.

It also takes no capital to do this because most brokerage's will carry you for three days. Buy one day and sell the next, all you lose is the spread.


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