**Off Topic**
P2,
Some time ago, I posted a question about whether LGND common and LGNDW were "substantially identical" for IRS purposes. You warned me that they probably were, and that I could not, therefore, realize losses in one while buying the other within the same thirty day period.
It has, believe it or not, taken me until now to get a definitive answer. As I promissed to do, I am posting it, for everyone's information, come next December:
You were right: the IRS would NOT allow my proposed strategy.
Thanks for your advice (which I heeded, I am happy to say.) Sorry that it has taken me until now to verify it, but after the New Year, the matter lost its urgency.
Best regards,
RB |
