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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: R. Allan Choiniere who wrote (26105)11/28/1997 9:57:00 AM
From: MadMax  Read Replies (2) | Respond to of 33268
 
Allen, IRS requires that you cannot repurchase the same stock that you take a tax loss in for 31 days. i.e. if you re-purchase in 30 days or less, you cannot take a tax loss!!!



To: R. Allan Choiniere who wrote (26105)11/28/1997 12:37:00 PM
From: Kashish King  Read Replies (1) | Respond to of 33268
 
No, you have to be out 30 days and I believe DEC 1 is the deadline for funds and Jan 1 is the deadline for individuals. Apparently, getting out early and getting back in during the month of DEC is a common strategy.


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