Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: Jay Lyons who wrote (332)	6/16/1998 10:57:00 AM
From: WallStBum	Read Replies (1) \| Respond to of 1383

You would net your gains and losses against one another. Wash sale rules only delay use of losses if you're still holding the repurchased security. If you sell it before the end of the year, there is no wash sale. Colin would know better though if I'm incorrect or misunderstood you. dax

To: Jay Lyons who wrote (332)	6/16/1998 10:59:00 AM
From: David R. Parker	Read Replies (1) \| Respond to of 1383

My answer to the 30 day wash sale rule... Bottom line...just trade away to your heart's desire and disregard any wash sale rules....but maintain a list of all stocks with a loss that were traded within 30 days (before or after) of your loss sale. Then, just don't trade those stocks in any way for at least 30 days before the end of the year. Presto! That 30 day moratorium resolves any and all wash sale conflicts. Works for me... Regards, David