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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (1563)12/6/1998 3:11:00 PM
From: grw5  Respond to of 5810
 
I know and I wasn't being fair in the way I was asking the question, but I was just asking a little bit at time so that I could understand the whole "wash rule" when I got done. I'll go check out the link and get back with you later. Thanks for your patience and help.

Hâ¶¶ÿ Ho£idå¥s, :o)
George



To: Colin Cody who wrote (1563)12/6/1998 6:47:00 PM
From: grw5  Respond to of 5810
 
Thanks for the link it both helped and compounded my situation. The complex trade page is the one that is most applicable to my situation and it brings up things that I hadn't thought of.

When I changed brokerage houses last year I just figured av. cost for the shares transferred and forgot that I had averaged up along the way. I have since started averaging back down, but haven't gotten back down very far. So, selling a portion at this point might not do me any good as far as taking a loss because I'll have to go back and figure all the original sizes and prices. It may turn out that I would have to sell a lot more than I want to for the "first in/first out rule" to get to the high priced shares that I wanted to take a loss on.

Oh, well. Kay Sara Kay Sara.

Thanks for the help,
George