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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (70235)	11/8/1999 1:33:00 PM
From: Dushyant Narayen	Read Replies (2) of 132070

Michael or anyone, could you please explain the wash rule as far as taking a tax loss ? I believe you can't buy the stock back within 30 days but what is to prevent you from buying it back first and then selling the older stock to book your loss ? Thanks, DN

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