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To: Piranha who wrote (9428)12/8/1998 2:27:00 PM
From: Rutgers  Read Replies (1) | Respond to of 16960
 
OT - Wash Rule

I believe you are correct provided, however, that you did not purchase any of TDFX (or applicable the tax loss stock) within thirty (30) days prior to Dec. 1st.



To: Piranha who wrote (9428)12/8/1998 2:44:00 PM
From: David R. Parker  Read Replies (1) | Respond to of 16960
 
OT - More Wash Sale Stuff....

<I did my tax loss selling on 12/1 and cut my position in half. If shares are going cheap on 12/31, I can buy then without worrying about wash rules, right?>

Gee...why cut it that close? That is exactly 30 days after...I'd hate to miss the deductions in an argument over what "30 days" means. If the code says 30 days...I'd wait 31! ;-)

But remember...the 30 day rule is before and after your loss sale!

The Motley Fool has an excellent Tax Strategy board with some very helpful and competent contributors...

boards.fool.com

David