3 ms·
> Both Shell and BHP offered two different versions of their common stock. For each company, the two stocks were legally distinct, but they performed very simil
by foxyv 4y ago
> Both Shell and BHP offered two different versions of their common stock. For each company, the two stocks were legally distinct, but they performed very similarly because, after all, they were shares in the same company.
Sneaky snakes! So they are wash selling without really selling anything so they can harvest the maximum tax losses every year without actually making any sales. There are lies, dang lies, and tax accountancy...
- MikePlacid 4y ago“Wash sale” prohibition is mathematically absurd. “Two different versions of a common stock” is just a mathematical proof of the absurdity.