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Biotech / Medical : Caprius(CAPR), Breast MRI(former ANMR/MAMO) -- Ignore unavailable to you. Want to Upgrade?


To: luis a. garcia who wrote (2334)12/18/1997 2:06:00 PM
From: Ernie Kelley  Read Replies (2) | Respond to of 2615
 
Wash Sales
"The objective of the wash-sale rule is to disallow a loss deduction where you recover your markest position in a security within a short period of time after the sale. Under the wash-sale rule, your loss deduction is barred if within 30 days of the sale you buy substantially identical stock or securities, or a "put or call" option on such securities"
J.K. Lasser's Your Income Tax 1998 section 30.6, page 470
Anyway I have no desire to get this one back just to increase my losses.
Ernie