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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (3411)	3/26/1998 7:36:00 AM
From: privatesmith	Respond to of 6317

Check with your accountant on the wash sale rules...contrary to popular belief, one does not lose the benefit of capital losses but rather defers them, pushes them forward to the next sale of the buy within the 30 day time frame...can make a difference in trading around tax time...

To: Toby Zidle who wrote (3411)	3/26/1998 8:46:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 6317

>>Stock you originally bought at 42, you sell at 33 1/2, and then you capture 1/2 point by buying the stock back at 33. What do you do about the income tax << Thats the great thing about income tax. If I had got it at 42 and sold it at 52, I would have to pay the tax on the gains no matter what. But in this great country, If you have a loss and you re buy the stock in 30 days, you cant take the loss.. So as long as each buy sell falls in that 30 days you arent out anything. Well other than the total pain in keeping track of the transactions when you do finally sell and the capital gains time starts I THINK at the last buy date than the original buy date.