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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.936-4.6%9:46 AM EST

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To: icecreambug who wrote (1715)11/27/1998 4:18:00 PM
From: Kevin  Read Replies (1) of 7720
 
Also, you cannot claim that if you buy back within 30 days.

Yes, the "wash rule" states: If you sell a position for a loss, you can not buy back the same position, or one that is on the same side of the market, for 30 calendar days. If you do you can not take the tax loss.

In other words, if you sell xyz stock for a loss, don't buy back xyz or the corresponding calls, unless the tax loss is not important to you. In the case of MVIS, I am sure the same would apply to buying the warrants if you took a loss in the common, or visa-versa.
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