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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Jay who wrote (42708)12/18/1997 9:14:00 AM
From: Joseph Beltran  Read Replies (1) | Respond to of 186894
 
It's my understanding that if you re-purchase a stock (on which you have had a loss) within 30 days of the sale you merely increase the cost basis of the new purchase by the amount of the loss.. Now, there is nothing to prohibit you from selling that new stock IN THE SAME TAX YEAR.