IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Robert A. Green, CPA who wrote (339)	6/17/1998 10:07:00 AM
From: Colin Cody	Read Replies (2) of 1383

Thank you for clarifying that Traders do in fact follow the wash sales rules, same as Investors. Per CCH - "Traders are subject to limitation rules for short sales and wash sales. Although a trader does not maintain an inventory, he is subject to identification rules to determine a basis for the securities sold." . There seems to be some contradictory tax research on the wash sale rule. . There is nothing contradictory. The sources you posted were clear. Other than a newspaper article in "Barrons", which is not a credible citation for tax research. . CC

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