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To: Wally Mastroly who wrote (2158)11/18/1998 11:15:00 AM
From: David Bogdanoff  Read Replies (1) | Respond to of 15132
 
Wally;

Thanks for the link. Although we often hear about tax loss selling, this explains what it is and why people do it. I have a copu;e of comments.
1. how does it work if you have a mixture of long term and short term
gains and losses (not just some long term gains and losses as in the example).

2. Is it really so simple to handle mutual funds? I have heard that you should get into actual fund holdings at the time of purchase and sale of the fund shares, clearly quite complicated. This would seem to be especially relevant for a market index fund because switching before 31 days have passed into another index fund, albeit with a different fund family, would get you virtually the same stocks.

If you have any comments, links, etc. would like to see them. Thanks in advance.

David



To: Wally Mastroly who wrote (2158)11/18/1998 3:18:00 PM
From: marc ultra  Read Replies (1) | Respond to of 15132
 
re:smartmoney tax advice

I thought it said in there you can take a loss by selling one S&P500 fund and buying another. That advice sounds very suspect to me as I think that would be considered a wash sale since the two are so much alike.

Marc