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To: bw who wrote (3238)11/19/1997 6:47:00 PM
From: XOsDaWAY2GO  Respond to of 95453
 
I thought it was "if you sell at a loss, you have to wait 30 days". Does it go the other way too? I asked my accountant, and he said that "IRS just doesn't want you to short them of any money". I guess you do the figures and include loss, gain? I'm not an acct. so I'm only telling you the way I "guess" it to be by what he told me.

Barbara



To: bw who wrote (3238)11/19/1997 7:02:00 PM
From: Lucretius  Read Replies (1) | Respond to of 95453
 
Wash Sale Rule

You only need to wait 30 days if you sold for a loss. In fact you can still buy, you just can't take the loss deduction from the previous sale until 30 days have passed before you re-buy the same security.


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