Applied Micro Circuits Corp (AMCC) Message Board

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Technology Stocks : Applied Micro Circuits Corp (AMCC)

AMCC 8.450

0.0%

Feb 3 4:00 PM EST

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To: Techplayer who wrote (869)	10/30/2000 10:15:09 AM
From: Raymond Duray	Read Replies (1) of 1805

Hi tp, Here's the reply I received in response to my query: The wash sale rule applies to all investors (including corporate investors), and also applies to individual and corporate traders that have not made the mark-to-market election. It doesn't apply to dealers. If Merrill Lynch, in its capacity as a dealer, has a wash sale, the rule doesn't apply, but the rule generally does apply to taxable institutional investors. If there's some reason it doesn't apply to a mutual fund, I'm not aware of it. I've never seen any discussion of this issue on the web or elsewhere. Kaye Thomas, author Fairmark Press Tax Guide for Investors board.fairmark.com HTH, Ray

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