Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jefferson who wrote (23878)	11/18/1997 7:47:00 AM
From: bill c.	Read Replies (1) of 61433

[ Jefferson - Wash Sale ] When you sell a stock at a loss and repurchase the same stock within 30 days you have a "Wash Sale". You have to take the loss at some future date. (ex) Initially purchase 100 share of ASND @ $50. Sell it at $25 and repurchase it at $25 < 30 days later. You can't take your $2500 loss on your taxes.....YET. You must adjust your purchase price at $25. You new adjusted purchase price would be $50 on that second purchase of ASND. Now, just wait > 30 days to sell ASND a second time. 31 days lately ASND is still $25, you just realized your $25 loss for your taxes... but don't repurchase again within 30 days. I hope this is clear... until later. PS. Between the 2nd and 3rd sell and buy, the window increased from 30 days to 60 days.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next