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: Christopher Reed who wrote (806)	3/28/1998 4:13:00 PM
From: Gorak Shep	Read Replies (1) of 5810

Chris, actually your case is not the opposite of the short sale rule but part of it. The rule applies to both the 30 days after AND the 30 days before. So you can do what you want and take the loss only if you sell the older shares more than 30 days after you buy the new shares. Hey, maybe if you wait that long you might not have a loss anymore. Of course, it is possible you will have a loss in both positions by then. You roll the dice and take your chances.

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