IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: dykerted who wrote (583)	11/29/1998 3:36:00 PM
From: Tom Hua	Read Replies (1) of 1383

dykerted, I'm afraid the wash sale rule prohibits you from taking the losses in 98. If you sell and buy back at the same price, you gain nothing, cannot deduct the losses in 98, and you're out the commissions for the round trip. Regards, Tom

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