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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: walt zweifel who wrote (287)12/19/1997 10:11:00 PM
From: Colin Cody  Read Replies (2) of 5810
 
There is a 61 day window where the wash sales rule applies. If at ANY TIME you sell a security at a LOSS (computed FIFO, Specific ID, average cost, makes no difference), then you are NOT ALLOWED to RECOGNIZE the LOSS on your Schedule D, form 1040, *IF* you made a purchase of the same/similar security within the 61 day period.
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The 61 days is:- 30 days before the loss-sale until 30 days after the loss-sale.
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Colin
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