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Strategies & Market Trends : IRS, Tax related strategies--Traders
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To: Colin Cody who wrote (577)11/28/1998 8:40:00 PM
From: Gary Korn  Read Replies (1) of 1383
 
But YES if you happened to not trade any stocks at all for 31 days 12/2/98 thru 1/2/99 all wash sales would in effect unwind *IF* you hold no positions. i.e. at the start of the 31 days you were "flat", cash only and stayed that way for the 31 days.

Colin,

I day trade a variety of stocks, including DELL, INTC and others. Could I avoid the wash sale rule for DELL if I were just flat DELL for 31 days, while still trading INTC?

In other words, do I need to be out of ALL stocks just to eliminate the wash sale problem for 1 or 2 stocks?

Thanks in advance,
Gary Korn
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