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

To: agent who wrote (970)	4/8/1998 5:09:00 PM
From: Gary S.	Read Replies (1) \| Respond to of 5810

Hi All, Can you guys give me some information on wash sale ? What i know is that according to wash sale rule if you have loss in a security and you buy it back in 30 days then you your loss is not deductible. I have traded a stock in which i had lots of transaction where i had loss as well as gains. Is there any way to be able to deduct my losses although I have sold and bought the stock within 30 days for so many times. I wasn't aware of the tax liabilties at that time. I have similar transactions in options. Any information will be appreciated. Thanks in advance.