Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 210.71

+1.7%

Nov 28 9:30 AM EST

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To: AlienTech who wrote (3407)	3/26/1998 1:50:00 AM
From: Toby Zidle	Read Replies (2) of 6317

Just curious, AT, about your trading scenario.... Stock you originally bought at 42, you sell at 33 1/2, and then you capture 1/2 point by buying the stock back at 33. What do you do about the income tax consequences? Seems to me that if you don't stay away for 30 days from a stock you took a loss in, the IRS defines your action as a 'wash sale' and you lose the tax benefits of your capital loss. Is capturing a 1/2 point really worth it?

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