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Strategies & Market Trends : India Coffee House

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To: Senor VS who wrote (3042)10/15/1998 9:06:00 PM
From: JPR  Read Replies (2) of 12475
 
Ravi:
I have to wait for 31 days before I can get it again to avoid the wash rule.
I was told that you can still buy and sell a stock on which you sustained a loss, as long as you sell it off on 12-31-98 and buy it back on 01-01-99. Whatever loss you sustained recently still is applicable towards your deductible and you can continue trading that particular stock. Anyway you can check this out with your tax advisor.
JPR
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