Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.17

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3:59 PM EST

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To: SecularBull who wrote (33819)	1/17/2000 12:55:00 PM
From: Ben Antanaitis	Read Replies (1) of 70976

LoD, Buying an option after selling a stock does not violate the wash rule WRONG! From IRS Pub550: irs.gov Wash Sales You cannot deduct losses from sales or trades of stock or securities in a wash sale. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: 1.Buy substantially identical stock or securities, 2.Acquire substantially identical stock or securities in a fully taxable trade, or 3.Acquire a contract or option to buy substantially identical stock or securities. If you sell stock and your spouse or a corporation you control buys substantially identical stock, you also have a wash sale. Special note: Watch out for that "before or after" time limit. Ben A.

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