Just quick question i was hoping somebody could help me with.
In order to lock in a loss for the purpose of offsetting a capital gain on another stock, is there any time frame i need to be out of that stock for?
In other words, if i was to sell out at a loss, could i buy back in minutes later and still use the loss to offset the gain (in the other stock)? Or does it need to be longer?
I have worded that badly but any help would be appreciated!
thanks in advance