Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.87

+1.9%

2:27 PM EST

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To: JGoren who wrote (50028)	11/15/1999 11:18:00 AM
From: Bux	Read Replies (2) of 152472

Purchase and sale of same stock within 30 days is a wash sale, and you cannot take a loss, but if there is gain you still get taxed. Does it matter which came first, the purchase or the sale? In the example, the stock was presumably held more than 30 days and had run up, then sold, then repurchased at the same price as the recent sale. But the example was really meant to illustrate that there were tax consequences to be considered even if the stock is repurchased at a lower price. Can you clarify? Bux

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