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To: Doo who wrote (22082)11/21/2001 4:13:49 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Jeff, there's more to it than just 31 days off

it's 31 days off in between losing trades. See IRS publication 550.

mo.essortment.com

Your statement in your first paragraph is correct, though. Those IRS rules and the SEC rules for margin accounts are different.



To: Doo who wrote (22082)11/21/2001 4:28:48 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
What Are The Negative Tax Consequences From Wash Sales

Does it do anything other than cause all the trades to be subject to ordinary income tax?