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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Jim Baker who wrote (754)6/21/1999 6:19:00 AM
From: Vendit™  Read Replies (1) | Respond to of 19374
 
Jim

I am no CPA but as long as you are using a taxable account then I believe your thinking is correct. Anytime you sell at a loss it cannot be interpreted any other way.

The trick of course would have been able to properly identify the bottom.

<g>



To: Jim Baker who wrote (754)6/21/1999 8:54:00 AM
From: Roy F  Read Replies (1) | Respond to of 19374
 
Jim, I believe if you sell at a loss, you must wait 30(?) days to repurchase. If you don't wait, you cannot write off the loss. I think it's call the wash rule..?

Not a CPA,

Roy


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