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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Suma who wrote (3376)7/27/1998 6:29:00 PM
From: Claud B  Respond to of 4142
 
Suma,

You have to understand the tax law. You can buy and sell the same
stock as often as you like. It is only when you take a LOSS that
you cannot buy that same stock for 30 days if you intend to
claim the loss on your tax return.

Claud



To: Suma who wrote (3376)7/27/1998 7:51:00 PM
From: Judy Muldawer  Respond to of 4142
 
No penalty - you just have to pay the taxes on the earnings.

The rule applies to taking losses. You cannot manipulate a stock for losses.

Judy


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