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Profit/loss pot

Hi Community, can it be advantageous to sell individual stocks with which you are heavily in the red (€ 800 minus), such as Novo Nordisk in my case now $NOVO B (+8,45%) in order to receive a tax correction, as I have sold significantly more shares at a profit and have therefore paid a lot of tax? I still believe in the company and would buy it again immediately. Is there a catch?

15 Comentários

Mats Invest@Mats-Invest

I sometimes do it, even if I want to hold the share. In my opinion, you can only buy the share again the following day for tax reasons. I then sell at 21:55 in the evening and buy the next morning at 8:00 so that I don't miss out on a sudden rise. Only then, of course, if I believe in the company and just want to get my overpaid taxes back quickly. You get about 25% of the loss amount back. The refund should be significantly larger than the sales and purchase fees. Logical.

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Melly@melly-m

@Mats-Invest that would be too hot for me. If you buy back your own, you could get into trouble for market manipulation.

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Mats Invest@Mats-Invest

@melly-m No, that is legal. Explanation:

If you sell a share and buy exactly the same number again at the same time, there is a risk of a so-called "in-your-face" transaction.
If your sell order directly meets your own buy order (e.g. because you are trading with the same bank or on the same stock exchange), there is no economic change of ownership.
According to BaFin (financial supervisory authority), this is considered market manipulation and is prohibited.
The solution: waiting one day is legal. If you sell today and buy tomorrow, the transactions take place at different times, the price has changed and it is a clean transaction with another market participant.

This is a classic tax optimization scenario (often called "tax-loss harvesting") and is generally allowed.

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userc811746a6d9041b6@userc811746a6d9041b6

It might be worth it 😉. A friend of mine does it from time to time.

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ieguldīšanas K.@Wuestenschiff

You can do it that way. I've also done it with Novo and LVMH, for example.

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Michael@FireSale

This can make sense. However, you will of course pay more tax if you sell Novo at a later date, as you will naturally have a higher profit due to the lower buy-in (provided the share performs well). And the order costs will also be incurred. But this year you could of course get some tax back.

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Alex@nitroxx

Postponed is not canceled

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Audiemus@Audiemus

Depends on the size of the position. I don't think about it at 800. Can be +800 again in 2 hours. However, if it was only 2k and therefore -40%, then it may be relatively speaking. If the loss is large enough that the loss compensation received pays off, the fees are significantly higher. However, the order must be fully executed before you are allowed to buy again. To avoid wash trading is strictly prohibited. Observe the law. Avoid trades within yourself.

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Dominik@Dome128

@Audiemus thank you for your input but is there a certain period of time you have to adhere to like 1 day 1 week or something similar?

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Audiemus@Audiemus

@Dome128 Note opening hours!

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Dominik@Dome128

@Audiemus sorry can you be more specific I'm not that deep into the topic

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Audiemus@Audiemus

@Dome128 The stock market opening hours at the end of the year! Where your share is located. 30.12. short trading day. 24 and 31 are closed, etc. So only tomorrow or 29th still regular.

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Dominik@Dome128

@Audiemus okay, if i sell them today and collect them again tomorrow it should fit

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Tobi R.@RTT

14H

@Dome128 Hopefully you didn't do that 😱

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Dividenden@Rente@userc7b02065b8a7407b

12H

This does not work if you have the tax pot with your broker. In this case, the loss will only be offset against current profits on subsequent sales. This only works retroactively if you have a loss account with the tax office. Then the profits are offset against the losses via the tax return and a refund is made if necessary

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