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Technology Stocks : Apple Inc.
AAPL 269.27-0.3%3:41 PM EST
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To: HerbVic who wrote (145127)11/16/2012 11:45:44 AM
From: John Koligman1 Recommendation  Read Replies (1) of 213172
 
OT You have to wait 30 days. In AAPL's case, I think it is less of an issue unless someone bought in the past two months. More of an issue as I have posted before might be the impact of the coming capital gains tax increase, in addition to all that has been discussed here about product delays and products they apparently are having some trouble manufacturing, in addition to the possibility that they can't squeeze their suppliers like they used to...

Regards,
John

Wash Sales Under Internal Revenue Service rules, you cannot deduct losses from sales or trades of stock or securities in a wash sale. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you:

Buy substantially identical stock or securities,

Acquire substantially identical stock or securities in a fully taxable trade, or

Acquire a contract or option to buy substantially identical stock or securities.

For more information about wash sales, read IRS Publication 550, Investment Income and Expenses (Including Capital Gains and Losses).
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