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To: RCVJr who wrote (6320)1/6/1998 3:36:00 PM
From: Thomas K. Hatfield  Respond to of 14162
 
The thirty day wash sale rules apply to everyone except dealers or brokers (market makers) who hold securities in inventory. Therefore it applies to mutual funds and institutions.



To: RCVJr who wrote (6320)1/6/1998 8:29:00 PM
From: Herm  Read Replies (2) | Respond to of 14162
 
Humm, I would think the tax rules are the same to institutions but the write offs (in/out commissions) for doing business can be deducted and passed on to the shareholders. Basically, a price movement from $9.75 to $13.5 in a week worth of time is very tempting to take it off the table and run. It is like a big baracuda snatching half of your bait and waiting for a fresh new piece!