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To: Joseph Beltran who wrote (42709)12/18/1997 9:21:00 AM
From: Pierre Aydin  Respond to of 186894
 
Correct, Your first loss becomes a 'Wash Sale', and like you said your cost basis goes up by the loss amount. If you sell it this year you could claim all the losses but if you don't what you are doing is defferring your losses to next year or whenever you sell the stock.

Pierre