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To: pooh who wrote (4636)10/26/2000 1:35:05 PM
From: rocklobster  Read Replies (2) | Respond to of 8046
 
I don't believe thats accurate... wash sale definitely applies to daytraders..If you buy back within thirty days then the loss is just added to your basis.... You can't book a loss without staying out of the stock for at least thirty days

rok



To: pooh who wrote (4636)10/26/2000 1:39:40 PM
From: Patricia Meaney  Read Replies (3) | Respond to of 8046
 
Could you explain that? I never knew that daytraders were exempt from wash sale rules - where did you get this?


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