Could some one help me with a quick tax question?
This week I received the 30c per share equity for OCP - not much about $1500. With my tax returns is the whole amount a capital gain even though I still hold the same number of shares?
If so, I will sell down the equivalent number (of a capital losing share, such as OCP) to negate this gain.
My workings are - capital gain $1500
Shares price bought in $2.50 current price $1.90 (60cents per share loss). I would have to sell 2,500 shares for a $1,500 capital loss.
Do I also take my brokerage for the original purchase and next weeks sale in to account as well so I end up square?
Thanks from a newb.