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


To: Mitch Aunger who wrote (518)1/27/1998 7:57:00 PM
From: Bob Miller  Read Replies (2) | Respond to of 5810
 
Mitch: The writers of the Internal Revenue Code, the law that controls us all, inserted the wash sale rules to protect the
US Treasury from people reducing their taxes through wash sales.

There is no provision for gains on wash sales. Nice try.(gg)

Why not use margin to accomplish your aims?

Good trading.


Bob Miller