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To: Joe NYC who wrote (126504)2/3/2001 12:46:28 AM
From: Jon Tara  Read Replies (1) | Respond to of 186894
 
Nope, shorting against the box isn't a loophole around the wash-sale rule. In fact, it TRIGGERS the wash-sale rule!

That is, if you uncover the box within the wash-sale period, you've got a wash sale.



To: Joe NYC who wrote (126504)2/3/2001 3:20:19 AM
From: kapkan4u  Respond to of 186894
 
<Is this then a loophole around a wash sale rule?>

It was a loophole, but now with the new tax law, the loophole is closed.

Kap


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