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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lionel Freiberg who wrote (23714)	9/1/1998 9:05:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 70976

I think you've got it a bit mixed up. The wash sale rule does not apply at all if you sell at a profit. It only applies if you sell at a loss, and then only if you bought the same or a substantially similar security within 30 days before or after the date of sale. I think substantially similar means a security of the same company. I believe the rules apply to any kind of security, not just stocks. However, I'm not a tax professional, so I suggest you consult someone who is to be sure. If you are a glutton for punishment, you can read Publication 550 yourself by downloading it from irs.ustreas.gov