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To: Wally Mastroly who wrote (2164)11/18/1998 5:41:00 PM
From: Investor2  Respond to of 15132
 
RE: "Could the sale of an S&P 500 index fund followed by the purchase of another like fund in another fund family be considered a wash sale for tax purposes?"

Yes. My educated opinion only.

Best wishes,

I2



To: Wally Mastroly who wrote (2164)11/18/1998 9:27:00 PM
From: Trebor  Read Replies (2) | Respond to of 15132
 
>Could the sale of an S&P 500 index fund followed by the purchase of another like fund in another fund family be considered a wash sale for tax purposes?<

Instead of FOLLOWING the sale of a fund, why not PRECEDE it? In other words, suppose you want to sell XYZ index fund. On Monday you buy ABC index fund, and then on Tuesday you sell XYZ. This avoids the 30 day wash rule. I've been told by my CPA that this is perfectly legit with stocks, so I assume it would be with mutual funds.

DISCLAIMER: I am not a tax expert -- do not try this at home without checking it out with someone who is.