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To: BDR who wrote (7495)4/4/2001 3:33:54 PM
From: JakeStraw  Read Replies (1) | Respond to of 10934
 
"As a general rule, stock of one issuer isn't substantially identical to stock of a different issuer, even if they are in the same industry. For example, Dell isn't substantially identical to Compaq. If you have a loss on one of these companies, you can buy the other one without having a wash sale." fairmark.com



To: BDR who wrote (7495)4/4/2001 5:12:15 PM
From: im a survivor  Respond to of 10934
 
<<everything I have read on the Wash Sale Rule would indicate buying stock in a different, unrelated company in the same sector will not cause one to run afoul of the rule. >>

Thats what I told the IRS years ago......but they said NOPE, sorry........

The companies.....dell and compaq....they said sorry....both are box makers going after the same customers in the same sector....i appealed and lost.


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