SI
SI
discoversearch

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.
Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?


To: Bruno Galliano who wrote (576)11/28/1998 10:35:00 AM
From: Colin Cody  Read Replies (2) | Respond to of 1383
 
I wouldn't recommend dropping out of the market just because of some wash sale/tax issues. And a "vacation", NOW!? December promises to be a fantastic trading month!

But YES if you happened to not trade any stocks at all for 31 days 12/2/98 thru 1/2/99 all wash sales would in effect unwind *IF* you hold no positions. i.e. at the start of the 31 days you were "flat", cash only and stayed that way for the 31 days.

Such a "rule" would work, absolutely, but it is severe and overkill, IMO.

Colin