Re: Screwed Up My Taxes With SGR
in response to
by
posted on
Jun 02, 2010 01:25AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I agree with Jeff, it may not be the letter of the law, however as long as every sale is matched up with a purchase I do not think you will ever be challenged on the issue. The intent of the rule is to stop people from selling at tax time and then repurchasing the shares the same day. In your case you did the opposite, you bought and then sold. Just keep your receipts. You are not avoiding taxes as you will end up paying them sooner or later.
PS
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