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Strategies & Market Trends : Waiting for the big Kahuna

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To: kas1 who wrote (11090)	12/8/1997 1:40:00 AM
From: Stingray	Read Replies (1) of 94695

Konrad, regarding year end tax loss selling. You have to wait 31 days to buy the security back to avoid a wash sale. If you sell the stock and buy call options on the same stock within 30 days that may well count as a wash sale but you should call your CPA for the definitive answer to that question.The IRS closes a few more loopholes each year so what applied in 1996 may not apply for 1997.

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