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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Dr. Id who wrote (3784)5/30/2002 12:46:03 PM
From: Dan Duchardt  Read Replies (1) of 5205
 
Of course what we do have down here is the wash sale rule that prevents you from recognizing any loss if you "replace" a position within 30 days before or after you close one. And then there is the $3000 per year net loss limitation that has left many of us with a backlog of unclaimed losses. I try to think of it as prepayment of the taxes owed on gains I am going to make some day. Hope springs eternal and all of that

Dan
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