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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST
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To: Jon Tara who wrote (126508)2/3/2001 7:21:43 PM
From: Richard Wang  Read Replies (1) of 186894
 
Joe, Jon,
Does the wash rule apply only when there is a capital loss? Also does the rule apple when the short sale date is over 1 year after the original stock purchase.

Let me be more specific. Stock was bought over a year ago, hence there is an unrealized long term capital gain. A short sale is made against the box, then covered. The net result is that the original shares have been kept. When I sell these shares in the future, would I still be able to book the full long term capital gain.

Thanks!
Richard
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