Ultratech Stepper Message Board

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Technology Stocks : Ultratech Stepper

UTEK 30.23

0.0%

Jun 5 5:00 PM EST

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To: Dr. Anthony Keyodo who wrote (2757)	9/28/1998 2:34:00 PM
From: marc ultra	Read Replies (2) of 3696

Tony,re< If I purchase a stock with personal money which takes a hit from 30 to 15. Can I sell, deduct the loss and on the same day purchase shares into a Sep-Ira?> You might want to be careful with this. I looked over this good internet tax guide for investors fairmark.com note it says under wash sales that selling in a regular account and buying in an IRA etc. might not be allowable. I can't paste that part but it's under capital gains and wash sale rule Marc

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