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To: Lynn who wrote (1971)12/9/1998 10:20:00 AM
From: TraderGreg  Read Replies (2) | Respond to of 27722
 
Quick recap of 30 day rule Lynn:

If you sell at a loss and buy back within 30 days and are still holding the shares on 12/31/98

THEN you cannot take the previous loss for 1998 taxes.

What you can do is increase your cost basis for the new buy by the amount of the first loss. So, when and if you sell in 1999 then your 1998 disallowed loss gets built into your cost basis for that 1999 sell.

TG


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