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Politics : Ask Michael Burke

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To: Michael Bakunin who wrote (69410)10/23/1999 8:20:00 PM
From: Simba  Read Replies (1) of 132070
 
I have a tax question. Can someone tell me how a wash sale applies. Suppose I sell a stock for a loss and buy back within the wash sale time preiod and then sell the stock again by the end of the tax year, can I take a loss on the first sale or does the wash rule still apply ?

Thanks.
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