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: Colin Cody who wrote (695)	3/2/1998 3:30:00 PM
From: cj	Read Replies (1) of 5810

Collin, Thanks for the great input. My question: If I have a loss on an option contract, and then buy another option (same stock) within 30 days, is that a wash sale? Am I supposed to adjust the cost basis of the most recently puchased option?

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