Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (1631)	12/20/1998 10:45:00 PM
From: GT	Read Replies (1) of 5810

To Colin or anyone: I have a wash sale question that I have not found an answer to: Suppose twenty days ago I incur a loss on a day trade (round trip). Suppose I then daytrade the stock again tomorrow and make more than I lost on the earlier transaction. Suppose I then buy it back a third time day after tomorrow and hold it into next year. Given the above, can I deduct the first loss from the gain in the second transaction for 1998 ? Thanks tons... Gorcon

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