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To: billwot who wrote (13850)12/2/1997 3:10:00 PM
From: billwot  Read Replies (1) | Respond to of 27012
 
Thread-I need help on a tax question!!

I have about $20,000 in realized losses accrued in 1997. I have not yet taken any profits in '97. Can I sell some shares that have deep unrealized gains, offset that with my losses, and then repurchase the winners, thus raising my basis price, and reducing my future taxable profits? Is there a waiting period before I can re-purchase? Any input appreciated!!

billwot



To: billwot who wrote (13850)12/2/1997 3:45:00 PM
From: JPR  Read Replies (2) | Respond to of 27012
 
Billwot:

<it was Frank's intent that it be broad based, both in terms of investment alternatives and strategies, as well as areas of personal lifestyle. >

Thank you for your kind words. Sonny is also in our Bandwagon. Bandashus is not a frequent visitor on our rather diverse-interest group. But let us not band ourselves into shushing Bandashus into silence and compliance. He will turn around and see our point of view and enjoy the relaxed environment on this thread.
With regards to all and esp to Bandashus

Another bad day in the market. With what I lost on paper, I could have taken many vacations.

Paul