Re: SP / TFSA / Deemed Disposition
in response to
by
posted on
Jan 07, 2009 12:49AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Ko...
You are up bright and early...
You are absolutely right on two accounts..The third account which was a break even sale is eligible for repurchase of KXL and that is why I added another option for the other two accounts..not KXL..
Jeez..I gotta get up earlier to get a head of some of our board members..
Read again what.I wrote..
I chose to sell some KXL in three different accounts yesterday...two at a .10/share loss,which I will add to my tax losses for next year..the other account was a break even deal so no tax implications apply..I will now transfer the cash ,after settlement date on Friday,to the TFSA accounts..three..and repurchase KXL or some other stock such as SGX ..maybe...if I purchase KXL it will not be a wash sale on the loss end as taxation gain in the new account is NOT accountable...Neato...
I should have made it clearer for you picky ,bean counters...LOL...but sharp..I like that..Keep posting..
PORTEE