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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: Alohal who wrote (127686)	5/21/1999 3:57:00 PM
From: James A. Shankland	Read Replies (1) of 176387

OT taxes wash sale If you sell a security and incur a loss, then buy back that same security at a lower price within 30 days, you will NOT BE ALLOWED TO DEDUCT YOU LOSSES ON THE ORIGINAL SALE AGAINST YOU CAPITAL GAINS! You can also "buy back" 31 days before you sell and take the loss. Example: You hold 1000 shares of X, in which you have a substantial paper loss, but which you'd like to continue holding. However, you'd love to take the tax loss this year. Buy another 1000 shares of X at some opportune time no later than the end of November, then sell 1000 shares (the original 1000) 31 days later, before the end of the year. You get to realize the loss on the first 1000 shares in the current tax year.

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