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Technology Stocks : LSI Corporation
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To: Jazz102 who wrote (19565)7/31/1999 2:08:00 PM
From: Jock Hutchinson  Read Replies (1) of 25814
 
The only wash sale rule that would apply to a purchase is when one sells a stock at a profit, and then repurchases during the same session. Under those circumstances, one does not need to pay taxes on his profit. Of course this is not a wash sale per se, but the issue of postponing paying taxes (or for that matter deducting a loss and applying it to a gain is the same.
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