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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Bob Willson who wrote (1481)8/26/1998 11:23:00 PM
From: Ken Brown   of 2120
 
When you sell for a loss, is it still possible to buy the stock again within 30 days.

Absolutely. However, whether you can deduct the loss during the current tax year is another question.

The wash sale rule has been discussed many times in the "Short-Term", "IRS, Tax related strategies - Traders" subject. Here's one message, I know there are many, many others: Message 5571250

Ken
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