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To: BWAC who wrote (16063)11/25/1998 11:41:00 AM
From: Ian@SI  Read Replies (1) | Respond to of 25814
 
It almost sounds like "one can do it as long as one doesn't get audited". But if there is an audit, it may not be noticed. And if it is noticed, one might argue that it really wasn't substantially the same.

I guess it's just a question of "pay IRS now, or Pay IRS later". Another option is take the tax loss in Stock A; and at the same time buy a completely different Stock B in the same sector that one believes will do as well or better than A.

FWIW,
Ian.


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