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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 (1621)12/17/1998 8:27:00 PM
From: GT  Read Replies (1) | Respond to of 5810
 
Colin - thanks. I just read through the Fairmark article on wash sales. Seems the easiest way to go is simply to not trade any stock for which I had a loss in the last month of this year for the first 31 days of next year. However - if I wanted to go the "mark to market route" would this make things easier ?

Thanks Colin -

Gorcon



To: Colin Cody who wrote (1621)12/17/1998 8:33:00 PM
From: GT  Read Replies (2) | Respond to of 5810
 
Colin - one last question (for today*) - if I had a loosing trade on Sept. 1st, and then bought the same stock back Sept. 2nd, and then sold this position tomorrow - would I have to wait the full 31 days before buying it back again - or could I buy it back Jan. 1 ?

Thank You -

Gorcon



To: Colin Cody who wrote (1621)12/17/1998 8:35:00 PM
From: Ron  Respond to of 5810
 
What is "SECA" tax? Anything like FICA?
Thanks
Ron


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