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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: White Bear who wrote (4031)1/30/2002 9:21:55 AM
From: Dan Duchardt  Read Replies (1) | Respond to of 5810
 
Sahara,

No wash sale to worry about unless you buy the shares back within 30 days of selling them. The second buy you made was not a replacement for shares you sold, so that in itself does not create a wash sale. If you only sold half, then you would have a wash sale on the first lot.

Dan



To: White Bear who wrote (4031)1/31/2002 1:58:08 AM
From: Tony C.  Read Replies (1) | Respond to of 5810
 
Plus, you don't have to even worry about wash sales unless they span a calendar year (from Dec - Jan). A wash sale mid-year is nothing to worry about or even bother computing.


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