The Microcap Kitchen: Stocks 5¢ to $5 Message Board

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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: topwright who wrote (74671)	5/20/2008 9:55:13 AM
From: Coz	Read Replies (1) of 120405

Tax question - does the rule still apply whereby you can sell a stock and if you buy it back within 30 days it is not considered a sale? Are you talking about "wash rules" where you cannot take your tax loss if you buy the stock back within 30 days of the sale? fairmark.com I had someone tell me that as long as you are completely out of the stock for the month of December, you can claim your losses. Wash Sale - How to Avoid: Here are two simple rules to keep in mind that can greatly reduce your risk of having some or all of your losses disallowed for the current tax year and deferred to a later tax year... [more] armencomp.com

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