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

To: Terry Whitman who wrote (39455)12/28/2000 8:53:06 AM
From: Kip518  Read Replies (2) | Respond to of 42787
 
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.

This works only if your new purchase was made at least 30 days prior to the loss sale (wash sales rules include stock bought 30 day BEFORE or AFTER the sale). Too late to do this for 2000.



To: Terry Whitman who wrote (39455)12/28/2000 9:45:30 AM
From: Chris  Respond to of 42787
 
we've been doing that ;)))


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