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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Percival 917 who wrote (30146)1/29/2001 7:06:58 AM
From: edamo  Read Replies (1) of 65232
 
joel..."wash rules"

hopefully you use a cpa that is familiar with wash rules. the intent of the rule was to prohibit a tax loss artificially, without a change in your position. in your instance i think you will find that even though you established a new position within thirty days, the fact that you in essence established a second loss, will allow the loss to be taken......the wash rule was never meant to negate a true loss....your account should be able to clarify, let me know what you find out

thanks

ed a.
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