Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Peter V who wrote (35402)	5/8/1999 11:31:00 PM
From: Barronio	of 122087

The wash sale rule only covers losses, the moment you close a position at a gain (using your basis adjusted for any previous wash sales losses) then you owe tax, even if you buy the stock back 10 minutes later. Also, short sales are always result in short-term capital gains or losses, you can't get long-term status from a short no matter how long you hold it.

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