Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 9:30 AM EST

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To: ratan lal who wrote (42700)	12/18/1997 9:38:00 AM
From: Barry A. Watzman	Read Replies (3) of 186894

>re: There are ways to get around this and even make a profit. If you want to sell INTC for a tax loss but dont want to give INTC up, you simply SELL Jan puts. No, you can't do that. The law considers it a "wash sale" if it is the same security or a "substantially similar" security. Common stock and puts, call or other options (warrants also, I think) on the same company would fall under this classification. I'm not aware of any way around it, especially now that going "short against the box" is also not recognized for tax purposes.

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