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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jacin who wrote (39454)	12/28/2000 8:45:01 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 42787

Perhaps the best way to avoid 'wash sale' problems: You're holding a real dog at the end of the year. You think it will turn around next year, so you don't really want to sell, but you'd still like to somehow count that loss against your gains for the year. First, BUY the equivalent amount of shares that you already hold- Then, you later SELL the original shares (before year's end). You can deduct the loss on this year's taxes, yet you will still hold the same amount of stock. Regards, TW