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Strategies & Market Trends : Classic TA Workplace
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To: taylorfife who wrote (22074)11/21/2001 4:16:02 PM
From: bcrafty  Read Replies (1) of 209892
 
A. McClean, speak to your tax professional about this

The wash rule is more of an accounting rule than anything else. Although you can't deduct the loss for that particular losing trade, you add the loss to the basis of your next trade and it all comes out the same anyway.
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