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Politics : Idea Of The Day
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To: Logain Ablar who wrote (13781)11/9/1997 4:48:00 PM
From: Char  Read Replies (1) of 50167
 
Tim

Can a person actually end of with a negative cost basis due to the wash sale rules. Example: you buy 100 shares of stock at $5. You sell it at $12 1 week later. Two weeks after that it falls back to 5 and you buy it again. Is your cost basis now -$2.

Dave
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