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To: allen v.w. who wrote (7826)1/11/1999 1:08:00 PM
From: Roy F. Baker  Read Replies (1) of 40688
 
For those interested in the tax loss rule:

Selling stock for a loss?
by: snuffle2 1 of 54
Hello,
Our investment club is looking at selling some our stocks that have significant losses. I am aware of the rule about waiting 30 days to buy the stock back, but does anybody know if we can double our position now and wait 30 days and sell the orginal shares. I realize this doubles our exposure to these stocks, but we are comfortable with the stocks and would like to hold them for the long time. We just want to take advantage of the tax benefits. Thanks for any help

Dwayne

Good question!

Roy
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