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Biotech / Medical : ACMI - Accumed Inc.
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To: joemjo who wrote (594)12/3/1997 9:53:00 AM
From: Cisco  Read Replies (1) of 1894
 
Todd,

Here is the response I got from my CPA on flipping my ACMI stock into my SEP in order to take advantage of the tax loss.

Message 2864234

So it looks like I might sell some ACMI at the end of December and buy it back on January 2, 1998. It will probably be my luck that the stock will double during the 3 days I am out. But I wouldn't mind it if the stock goes back up before then so that there would be no tax advantage in flipping it.

Todd if you hear anything different on the wash rule, please let me know. It seems my CPA agrees with your tax department.

Thanks, Cisco
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