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: Colin Cody who wrote (336)	6/16/1998 6:42:00 PM
From: Robert A. Green, CPA	Read Replies (1) \| Respond to of 1383

Wash sale rules don't apply to Traders but they do apply to Investors. The key is determining whether you qualify as a Trader. To learn more about Traders in Securities versus Investors go to greencompany.com - See Trader Tax Rules & Reporting Guide. One complete section in the Guide addresses the wash sales rules. There is some confusion on this point, which the guide addresses.

To: Colin Cody who wrote (336)	6/17/1998 9:47:00 AM
From: David R. Parker	Read Replies (1) \| Respond to of 1383

Wash Sale Rules... Well, maybe I didn't say it right... "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." What I meant is be completely out of the stock for 30 days before the end of the year. Does this not assure that any/all losses will be deductible? I am aware of the trader/investor controversy...but I'm happy to take the "investor" classification. Regards, David