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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Rick who wrote (37406)1/2/2001 7:33:52 PM
From: Uncle Frank  Read Replies (1) | Respond to of 54805
 
>> What happened to the "wash rule?"

As I understand it, the wash rule only applies to losing positions. That means you can close a profitable position, book the profit, and re-establish the position whenever you want. It makes sense that Uncle Sam would encourage you to create taxable events whenever possible.

uf


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