IRS, Tax related strategies--Traders Message Board

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

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To: WallStBum who wrote (546)	11/7/1998 7:19:00 PM
From: kendall harmon	Read Replies (1) of 1383

I have yet another set of wash sale questions for those knowledgeable about this on this thread. (1) Suppose you have a wash sale on a security which is then taken over by another company. Can you trade the new stock after the 30 day wash period is over and add the wash sale loss to the basis of the newly purchased security as per the rule? Let us use US Healthcare being taken over by Aetna as an example. Can a U.S. Healthcare wash sale be added to the basis of an Aetna trade since it is no longer possible to trade U.S. Healthcare after the takeover? (2) What about a company which is delisted or then goes out of business? Does one then "lose" the capacity to take this wash loss as an economic loss since that company's stock is no longer tradable?

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