Income Taxes and Record Keeping ( tax ) Message Board

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

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To: Colin Cody who wrote (262)	12/17/1997 12:47:00 AM
From: Jeffrey Beckman	Read Replies (1) of 5810

Colin and all, I have an oil service stock that was hot this summer. I initially traded it for profits of $1K and then $10K. This was followed by active trading during the correction with mostly losses with a few gains mixed in. For arguments sake, trades of (-$4K, on Nov 1), +$1K , -$2K (Nov. 17), -$2K, -$2K, +$1K. The shares were re-purchased yesterday. The tally comes out to +3K. I'm worried about how the wash sale rule may apply to the recent losing trades, since I re-purchased the shares. Are any or all of the losses wash sales? Thanks for your help, Jeff

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