Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (1890)	12/15/1997 10:36:00 AM
From: Dave Kahn	Respond to of 3696

Well I put in an order to buy at Fridays close for 100 -- cross my fingers that it never triggers! DHK

To: Investor2 who wrote (1890)	12/15/1997 1:43:00 PM
From: J. M. Blackburn	Read Replies (3) \| Respond to of 3696

OFF TOPIC (wash sale) Concerning the question of wash sales. ie. Selling shares at a loss in an individual brokerage account and buying the same companie's shares as a replacement in an IRA. In the opinion of my accountant, who is a CPA and has been at this for some time, and is usually conserative. This does not violate the provisions of a wash sale. He claims the the IRA is a seperate entity even though I direct it. In his opinion, it would be the same as my corporation buying the shares. I control the corp. but the event is seperate. When I asked if further research was necessary he told me it wasn't. Of course you must have the availble funds in the IRA to this but it looks like it maybe a legitimate strategy. Does anyone have different information? What a sorry state of affairs when you have such a complicated tax system. Good Luck JMB