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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Demosthenes who wrote (2777)10/6/1998 9:44:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 3696
 
I don't know the tax rules in the US. What you seem to be describing is a FIFO method of accounting for these shares. I don't know whether the IRS allows it; or if they do, whether or not you have to use the same method for calculating capital gains on all transactions. I believe what you're suggesting would be allowed in Canada.

In any case, given the ugly market mood, there's probably little risk in just selling the shares then buying them back 31 days from now. ...and probably at a lower price.



To: Demosthenes who wrote (2777)10/6/1998 9:45:00 PM
From: Katherine Derbyshire  Respond to of 3696
 
I think yes, too.

Someone posted this link earlier:
fairmark.com

It's a good one. The wash sale information is at
fairmark.com

Consult a paid professional if being wrong would cost more than you want to risk. Tax and investment advice costs are both tax deductible.

Katherine



To: Demosthenes who wrote (2777)10/9/1998 1:33:00 AM
From: Cary Chubin  Read Replies (2) | Respond to of 3696
 
Demosthenes,

Wash rules explained:

fairmark.com

Cary Chubin


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