EUTRO INVESTMENT GROUP EUTO (LONGS) Message Board

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Microcap & Penny Stocks : EUTRO INVESTMENT GROUP EUTO (LONGS)

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To: Auricman who wrote (399)	12/10/1997 7:26:00 PM
From: Playin my Cards	Read Replies (2) of 1667

Message from Ernie Miller on Dec 10 1997 5:37PM EST Question?? For those selling at these prices. What is the "Wash Rule" implications for buying back at a lower price. Is there not a time required before repurchase ?? Anyone. Still holding and trying to buy more at .04.. Just for your info, the Wash rule only works one way. If you are selling shares you bought for less, you Pay the taxes reguardless and can buy back at any time. If you are selling for a loss, you can not re-purchase the same stock for 30 days or your loss is not tax deductable, but just counted against any gains you may recieve on the new purchase. This is per my uncle whome is a CPA. But, ask your own accountant to be sure. Mike

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