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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (2179)11/19/1998 10:41:00 AM
From: Trebor  Read Replies (3) of 15132
 
>I think what your CPA was trying to tell you was instead of selling the security for a loss and waiting 31 days to buy it back you can "double up" and buy a similar amount 31 days in advance of your sale<

You are right, I stand corrected. I know just enough about taxes to be considered dangerous to myself and others. And don't blame my CPA, he's a very nice and cautious guy who has kept me out of jail these many years. But are you sure the purchase can't be less than 31 days prior to the sale? I thought by identifying the block of stock I wanted to sell (the block I've held the longest or paid the most for) I could do this buy-then-sell transaction in less time than 31 days.
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