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Non-Tech : Stocktax: Stock Trader's Tax & Accounting Companion
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To: Madhur who wrote (4)3/27/1999 5:37:00 PM
From: snerd  Read Replies (1) of 118
 
Madhur... <1. wash sales -- adjusting the basis in the new shares purchased?
Can you give an example?>

I sell at a loss, then repurchase same stock within 30 days. It should add my loss from the first sell to my cost basis for the 2nd buy. That's my understanding of it.

Snerd
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