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


To: dykerted who wrote (583)11/29/1998 3:36:00 PM
From: Tom Hua  Read Replies (1) | Respond to of 1383
 
dykerted, I'm afraid the wash sale rule prohibits you from taking the losses in 98. If you sell and buy back at the same price, you gain nothing, cannot deduct the losses in 98, and you're out the commissions for the round trip.

Regards,

Tom



To: dykerted who wrote (583)11/29/1998 11:46:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 1383
 
What's the ticker symbol? It sounds like it might go to $40 this week and I'd like to buy some!