CAWS - Wireless Cable (New and Improved) Message Board

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Technology Stocks : CAWS - Wireless Cable (New and Improved)

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To: Ken Turetzky who wrote (43)	11/1/1996 4:48:00 PM
From: Malcolm Boyd	of 5812

I posted this to the old thread yesterday and didn't get any comprehensive responses - could someone here help me out: What exactly are the tax rules over trading losses? I'm thinking of selling my stock for a tax loss and buying back in at the vastly lower price. I have been advised that there is a 30 day waiting period to repurchase same stock but this doesn't apply if the sale and purchase is carried out 30 days prior to the year end.Could someone please confirm?? Also, is the maximum allowable loss $3000?? (I'm pretty new to the States by the way) Any response would be gratefully appreciated. Malcolm Boyd

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