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

To: Turboe who wrote (384)	6/28/1998 11:54:00 AM
From: Colin Cody	Read Replies (1) \| Respond to of 1383

I thought the wash rule was no loss AT ALL [until possibly later] on a stock if you re-buy in less than 30/31 days (IRS says a month-- 31 to be safe!)-- THIS IS WHAT 4 CPA's HAVE TOLD ME!!! PERIOD!!! I AM PRETTY SURE ON THIS!!!! . The CPA's told you correctly, but WSB told you more correctly. The rule is 30 days. 61 days is the whole before/after window. "a month" would not work if you did say February 15th to March 16th. . Print out WSB's response and show to your CPA, and he will explain to your satisfaction! . Colin