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Non-Tech : Paired Trades and Hedging Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (68)1/13/2005 12:50:19 PM
From: CrazyPete  Respond to of 136
 
Err no. If you purchase only one share in that time window, the basis for that share is adjusted up by $1, and $99 of the original loss would be allowed.



To: Sam Citron who wrote (68)1/13/2005 1:10:30 PM
From: deeno  Read Replies (1) | Respond to of 136
 
"Are you saying that for tax purposes, you must declare a $500 gain instead of a $400 gain on these combined transactions"

yes

"even if you buy a single share of the stock within 30 days"

if it were a single share you would only have a wash sale on one share so you couldnt take the loss on one share.

"Does such a rule make any sense at all?"

LOL- best laugh I had all day.

Actually being able to take a gain quickly has helped me a few times.
"


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