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

To: Souze who wrote (803)	3/28/1998 12:58:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 5810

This is actually a question to original post 1 I have seen repeatedly that if you sell for a loss, you cannot take that loss unless you stay out of the same security for at least 30-45 days including options. My question is, does it not logically follow that if you traded for a gain on an obvious impending pullback and bought back in at a lower price within 30 days you should be able to be tax defered? I'm sure the answer is probably no but why? This would eleviate the nagging question of whether to take the pullback or to pay the taxes and hope to gain it back with gains on the bounce. One of my holdings always goes up gives back half then repeats the cycle but I can't take advantage due to tax impact. Thanx in advance