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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (401)	1/6/1998 10:03:00 AM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 5810

if you sell at a loss now on the remaining shares...... 1. you can wait 31 days before buying them again to avoid the whole issue. 2. you can buy more shares and sell them again....if they are profit making.... then you would combine the loss of the first shares to what you paid for the second.... increasing your cost basis and thereby reducing your profit....but keeping the loss. but.... you would have to buy the same number of shares..... if you buy less than the number of shares you lose money on in the first sale....then you will lose the loss benefit on those shares which could not be rolled forward.... overall....sounds like a complicated, actually illogical set of trades to begin with.... especially in a stock like that.... it's apple right? that's the best i can do.... maybe colin can be more helpful than this...but all things considered....IMO.....you are creating a major pain in this trade for very little potential reward.... why bother? and of course....you can call IRS free help line etc....for further info. good luck Joel