Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 3:59 PM EST

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To: Sowbug who wrote (42812)	12/18/1997 9:58:00 PM
From: Dale J.	Read Replies (2) of 186894

<<re: Anyway, what if I had bought 100 shares of INTC @ $100 in the summer, then instead of selling them now to try to get the short-term loss, I bought an ADDITIONAL 100 shares @ $70, and then a day later sold my original $100 shares for the $30/share loss? Would the loss be allowed then?>> Sowbug: That's a good question. I think it would be allowed, but I don't know. Can anyone answer it. If it is allowed then you just pointed out a loophole in the tax law. Dale

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