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To: Starlight who wrote (4673)	12/31/1997 11:18:00 AM
From: timwa	Respond to of 9695

I think the answer is no. It is considered a wash sale when you sell the stock for a loss and buy it 30 days BEFORE or after.

To: Starlight who wrote (4673)	12/31/1997 12:10:00 PM
From: Logain Ablar	Respond to of 9695

Betty: Sorry no. The 30 day rule works before and after. You'd need to buy shares hold for 31 days and then specifically identify the stock you sell at a loss. To late today. Tim

To: Starlight who wrote (4673)	12/31/1997 5:00:00 PM
From: Amadeo Mendez-Vigo	Respond to of 9695

Happy New Year's ...Elizabeth......You can'nt take a paper loss on stock's, you must sell it at a loss...in order to take a loss.. and the sale must have been done in the calender year you declare the loss....If you sold the higher price stock on Jan 2nd,you can't take the loss in 1997...you must wait till 1998 tax return fileing (a hole year)....The stock will not be not be a"wash sale" as long as you sold it more than 30 day's after the purchase of the new stock.....I would wait till Feb 5th of 98 befor I would sell the old one.....IMHO.....Regards ...Amadeo