Hi All, I'm very new at all of this and I will be the first to acknowledge that I'm a bit slow/thick when it comes tax etc, however a fellow at work told me that June is tax loss selling month. He said he takes capital losses on shares before the end of this month - sells stocks that have gone down to offset this year’s capital gains. He quickly tried to explain it to me, but I couldn't quite get it, so he just fobbed me off. To be honest it was very embarrassing !! Can someone help me with a working example ??
Many thanks, Capt G.