Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Colin Cody who wrote (369)	1/2/1998 9:15:00 PM
From: Bruce Hoyt	Read Replies (1) of 5810

Hi Colin, I apologize if you have already answered this one but if so I missed it. Concerning wash sales. Scenerio: Someone sells stock ABCD at a loss on December 22 and rebuys same stock on January 8. Since the two transactions are unrelated except for the wash rule and will be reported in two different tax years, it seems unlikely the IRS would catch it if the taxpayer ignored the wash sale rule. Your opinion on this highly theoretical event? Bruce

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next