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To: pooh who wrote (4677)10/26/2000 2:28:59 PM
From: rocklobster  Read Replies (2) | Respond to of 8046
 
In all reality...the wash sale rule is totally inconsequential if you're mainly a trader because it only applies if you still hold a stock which you're claiming a loss on.... and I got the 98% figure from the article..it said that 98% of traders probably wont be considered as actual daytraders... anyway if you designate yourself a professional daytrader you have to pay additional taxes.. as a self employed professional meaning social security taxes..as a strict unemployed investor these taxes are not due...

just thinking outloud...

rok