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To: Mopack who wrote (3666)12/26/1999 12:25:00 PM
From: Hardline  Respond to of 9427
 
Even though the stock does not settle for 2 or 3 days, you can sell on the last day of the year and still take the tax loss.

Hardline



To: Mopack who wrote (3666)12/26/1999 2:38:00 PM
From: Tommy Dorsey  Respond to of 9427
 
Up to last day but last time I gave CPA advice to someone it cost them an extra $500. T



To: Mopack who wrote (3666)12/27/1999 8:49:00 PM
From: Hardline  Read Replies (2) | Respond to of 9427
 
Mopack

One more thing you should know about tax-selling. You cannot buy back that stock for 30 days or it becomes a watershed sale and the loss is not deductible.

One way around this it to sell in your taxable account and repurchase it in your IRA account.

Hardline


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