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: VincentTH who wrote (1655)	12/28/1998 3:44:00 PM
From: mike RN	Read Replies (2) of 5810

I know that this question was not addressed to me but I agree that until the merger is finalized, the two companies would not be considered essentially identical. My understanding of the wash rule would allow the sale of the potentially acquired stock and the purchase of the potentially acquiring company without penalty. This is my opinion only but I am comfortable with it personally. You might also consider calling the IRS at 1-800-829-1040. This can be time consuming but I have received reasonably accurate advice if I call outside the tax season. Good Luck. Mike

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