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To: Tweaker who wrote (53095)	7/22/1998 11:08:00 AM
From: JBird77777	Read Replies (1) \| Respond to of 176387

<<I'm not sure if you have to pay taxes on the sale of a stock if you buy it back within a certain amount of time. Any CPA's out there?>> I'm not a CPA, but I believe that this tax rule applies only to losses on sales, not gains on sales. I think this is called the "wash sale" rule. If you sell a stock at a loss and buy it back within 30 days, you are not allowed to recognize the loss for tax purposes. In order to recognize the loss for tax purposes, you must wait more than 30 days if you want to repurchase the stock. On the other hand, if you sell a stock at a gain, you must recognize and report the gain regardless of whether or not you repurchase the stock at any time in the future.