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

To: Nasty P who wrote (222)	11/30/1997 11:54:00 PM
From: Cisco	Read Replies (2) \| Respond to of 5810

Anyone, Can a person avoid the wash rule by selling the stock from a taxable investing account for a loss by December 31 and purchasing it back in a SEP account after January 1. I am planning to fund my SEP account for 1998 at the first of the year in order to tax shelter my funds for the maximum length of time. I have a hard time seeing how the wash rule would apply since the stocks in one account have captial gains and losses while the other doesn't. Would this be considered as not being "substantially identical" for tax purposes even though it is the same stock? Cisco