Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 182.35

-0.6%

Dec 5 9:30 AM EST

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To: OD Bobo who wrote (4744)	1/16/1999 12:20:00 PM
From: Jon K.	of 56535

OD, re capital gain(Loss) tax: I've been out of tax practice for a while, so I am not updated on new tax laws but until the expert comes, this is what I know. >>I understand that buying and selling in the same day or week can fall under it's own special tax bracket? << I think you are referring to "wash sales" You cannot claim the loss, if you buy back the same (or substantially the same securities) stock within 30 days before or after the sale. (Your loss will be added to the basis of the new stock) fairmark.com

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