ed, when I was told to check with my accountant, it was to remove their responsibility from being in a situation giving me tax advice...
and yes, if Bear Stearns person is correct in what he told me, and if one can generalize that on options in general, and that is a very big if, then, one should always wait for 30 days before closing or re-establishing a position... meaning, I have a loss at some puts I sold... I can sell deeper puts, wait 30 days then close the earlier position and take the loss...
and re. ...the question is "if i sell a put, and the assignment is thirty days after i sell the common at a loss.....is it a wash sale".........
ed, as I've never been assigned, please help me understand... one is assigned the common 30 days later or within 3 business days when the put buyer decides to exercise ?
if it is 30 days later, then I would assume that it is not a "wash sale" ... as assignment is in effect a purchase of the common...
best regards
amein |
