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


To: Cisco who wrote (228)12/1/1997 7:19:00 PM
From: Nittany Lion  Read Replies (1) | Respond to of 5810
 
Cisco,

If you go to post #219 by WallStreetBum, I think you will find your answer.

Gary



To: Cisco who wrote (228)12/2/1997 7:06:00 PM
From: joemjo  Read Replies (1) | Respond to of 5810
 
Cisco,

I intuitively thought that the loss would not be unallowable. So I ran upstairs to our tax department and they should the opposite. So our experts said the loss is allowable and you don't have to wait the wash sale days. I do not trust that answer and will check with more sources tomorrow, but it is a start.

Todd