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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: JRI who wrote (39429)	12/28/2000 10:10:11 AM
From: adcpres	Read Replies (4) of 42787

JRI you got it right. The loss is "deferred" and is realized on the sale of the new shares. The disallowed loss is added to the cost basis of the new stock. This postponement of the loss can go on infinitum for each wash sale on that security. It applies anytime of the year -- not just the last 30 days of the year. Fun huh? Get pub. 550 from the IRS they are free. GH

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