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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Dushyant Narayen who wrote (70244)	11/8/1999 2:42:00 PM
From: benwood	Read Replies (1) \| Respond to of 132070

Re: 30-day wash sale rule. This rule pertains to replacing a loss up to 30 days before or after realizing the tax loss. That's what prevents you from buying it back "first." Also, there is some language about buying something that is essentially equivalent. I think this includes buying the shares of a company that's getting in the process of getting bought out by the one you sold (resulting in you getting your original shares back). Consult a real tax advisor if you aren't sure.