IRS, Tax related strategies--Traders Message Board

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

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To: Nelson Chang who wrote (814)	4/18/1999 11:13:00 AM
From: William Ford	Read Replies (1) of 1383

Thank you, Nelson, but what if... I trade stock XYZ 50 times during 1999 and sell it on December 1st thereby closing out all my positions on XYZ, not buying it again in 2000. Are there any wash sales? I am beginning to get the idea that you have no wash sales if you trade a stock as many times as you want, close it out at the end of the year without buying it back for 30 days even into the next year. Is this your understanding? Bill

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