SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Bux who wrote (50012)11/15/1999 10:55:00 AM
From: JGoren  Read Replies (1) | Respond to of 152472
 
Purchase and sale of same stock within 30 days is a wash sale, and you cannot take a loss, but if there is gain you still get taxed. With respect to a loss, I think it goes to reduce your basis; in other words, it's treated as buying down your basis.

Has anyone looked carefully at volume. In first hour over 4 million shares. Topped at 406 and now stock has receded, which is to be expected with the opening rush of buyers.



To: Bux who wrote (50012)11/15/1999 11:13:00 AM
From: Mark Peterson CPA  Respond to of 152472
 
OT: wash sales rules

Wash sales rules only apply when there is a loss on the sale of a security. If your trading all results in net gains, there is no wash sale consideration.

Mark


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News