Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: J R KARY who wrote (2295)	9/15/1999 6:48:00 PM
From: Kaye Thomas	Read Replies (1) of 5810

The wash sale rule applies if, within the wash sale period, you buy replacement stock, or enter into a contract or option to acquire replacement stock. If I understand your idea correctly, you're out of luck on that basis alone — without even getting into the question of whether the IRS can disregard the sale because it isn't a bona fide transfer of ownership. Kaye Thomas, author Fairmark Press Tax Guide for Investors fairmark.com

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