IRS, Tax related strategies--Traders Message Board

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

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To: Colin Cody who wrote (644)	12/16/1998 5:30:00 PM
From: Spots	Read Replies (1) of 1383

Thanks for the responses, Colin. I don't know of a contradictory rule, except that a wash sale can't be avoided by designating shares, which is itself an inference from the statement that a wash can't be avoided even by related-party transactions or transactions in different accounts. I don't know where specifically I read this, but I have read it in a number of IRS instructions. I believe even in the 1040 or 1040 D instructions (but maybe the cap gains & losses pub). HOWEVER, if the designated shares showing a gain avoids the wash rule, none of the other considerations matter. Again, thanks to everyone who took the time to answer. Spots

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