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To: VinWood who wrote (2494)2/13/1998 3:18:00 PM
From: Yiota  Read Replies (1) | Respond to of 4903
 
I don't know about the IRS, Here in Canada that is the way it goes!

regards,

Giota



To: VinWood who wrote (2494)2/13/1998 5:10:00 PM
From: Barry Dryer  Read Replies (2) | Respond to of 4903
 
I think Kimberley's statement was correct...and the IRS would agree with her. The "wash rule" only comes into play if you are selling a stock at a loss.

Barry



To: VinWood who wrote (2494)2/13/1998 5:18:00 PM
From: kimberley  Read Replies (2) | Respond to of 4903
 
Vin, I'm not sure I'm following you. The wash rule applies to losses... if you sell a stock for a loss and rebuy it back before 30 days, you arn't allowed to take the loss. It doesn't apply to gains.

best,
kim


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