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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: GHOST TRADER who wrote (50057)	4/4/2001 9:58:20 AM
From: Alski	Read Replies (1) \| Respond to of 57584

Cosmo, The IRS doesn't care about price per share or commissions. Normally your basis is what you paid for the stock (including commission) and your proceeds are what you sold it for (after commission). The difference is your profit or loss. If you have a wash sale loss you can't take that loss on your taxes for that sale, but you add that loss to the basis of the purchase that made it a loss sale. Alski P.S. Wash sale rules only apply to losses, you don't get to defer a profit using wash sale rules.