Income Taxes and Record Keeping ( tax ) 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.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: WallStBum who wrote (207)	11/20/1997 4:58:00 PM
From: Gary	Read Replies (1) of 5810

Bum Losses on the sale of stock or securities (or contract or option to acquire or sell such) are not deductible if, within a period beginning 30 days before the sale and ending 30 days after the date of the sale, the taxpayer acquires or has entered into a contract or option to acquire stock or securities that are substantially identical. Stocks or securities of the same issuer are substantially identical if they are same in all important particulars. The above info is from Reasearch Institute of America. I think you would have a wash sale under the circumstances you described. LOL Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next