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: John J H Kim who wrote (388)	1/5/1998 8:53:00 AM
From: Box-By-The-Riviera™	Read Replies (1) of 5810

you can only roll the loss into those next profitable shares to the extent you bought the same number of shares the second time around as you did the first.... let's say you bought 1000 shares the first time... and only 800 the second time.....you can only roll 800 forward.... the other 200 and their losses are a wash.... the 800 you add to the cost basis of the second set of shares you sold at a profit. without knowing the exact mechanics of your trade....that's the best i can offer. Maybe Colin has a better answer. Joel

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