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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Nasty P who wrote (161)11/20/1997 12:14:00 PM
From: WallStBum  Read Replies (3) of 5810
 
Anybody know if you sell warrants at a loss and use the proceeds to buy the related common stock within 30 days, does this qualify for wash sale rules, disallowing loss on the warrants and increasing basis in the commmon.

HELPPPPP!!! BNGOW warrants expire 12/22/97.

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