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To: Barry Dryer who wrote (2496)	2/13/1998 5:16:00 PM
From: kimberley	Read Replies (1) \| Respond to of 4903

Thank you... I wasn't even sure what he was saying!<g> The IRS doesn't care how many times I buy a stock and make a profit, as long as they get their piece of the pie. best, kim

To: Barry Dryer who wrote (2496)	2/13/1998 10:27:00 PM
From: grasshopper	Respond to of 4903

Barry, the statement, 'the wash rule only comes into play if there is a loss', is correct, but that doesn't mean that the 'loss' couldn't be inccurred from the SECOND purchase of a stock within a 30 day period of the FIRST purchase. I STRONGLY SUGGEST YOU DISCUSS THIS WITH A PROFESSIONAL instead of spreading the WRONG INFORMATION to other novices. One could deduct a loss that is NOT ALLOWED, and a few years could pass before the IRS hits one with a HUGE compounded back tax bill. You don't want that to happen. best wishes, grasshopper