Isn't there a tax consequence at the end of the ye
Post# of 45510
Posted On: 04/30/2013 8:56:54 PM
Isn't there a tax consequence at the end of the year for all this flipping? I do know that if you sell a lot or a portion of your shares at a loss to buy back lower (within a 30 day period) the loss is considered a wash sale and therefore cannot be claimed as a capital loss on your tax returns. There are tax concerns on the opposite side as well (selling for a profit). This is what mainly keeps me from flipping much if at all.
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