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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: Colin Cody who wrote (2335)10/19/1999 11:35:00 AM
From: Iris Shih  Read Replies (1) of 5810
 
Hi Colin,

One question regarding washsale.

I exercised 1000 shares of XYZ stock options which I obtained from my company. The exercise price was around 76. I have paid about 30 dollars tax per share. Now the stock has declined to 66. I plan to sell them for a 10 point loss. But plan to buy back the shares immediately since they are my long-term investment. What can I do to avoid a washsale? Can I buy same lots of shares through my husband's account once I sell the 1000 shares of XYZ in my account?

Thanks in advance.

Iris
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