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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 (1631)	12/20/1998 10:45:00 PM
From: GT	Read Replies (1) \| Respond to of 5810

To Colin or anyone: I have a wash sale question that I have not found an answer to: Suppose twenty days ago I incur a loss on a day trade (round trip). Suppose I then daytrade the stock again tomorrow and make more than I lost on the earlier transaction. Suppose I then buy it back a third time day after tomorrow and hold it into next year. Given the above, can I deduct the first loss from the gain in the second transaction for 1998 ? Thanks tons... Gorcon

To: Colin Cody who wrote (1631)	12/22/1998 10:54:00 AM
From: VincentTH	Respond to of 5810

Colin and Kaye, Somebody asked this question on the TDFX forum: - Now that TDFX and STBI have announced their merger, if I sell my TDFX shares and immediately buy STBI, would that constitute a wash sale? I answered yes, in the spirit of KT's wash sale page (Section Playing Games fairmark.com ), and pointed him to the page. However, his CPA friend argued that since the merger has not been approved, and since there is the risk of the deal falling thru, they are still 2 different companies as far as wash sale is concerned. If his CPA friend is right, I have a couple of trading days left to do the same thing to claim a tax loss. Colin and Kaye, can you help? Thanks In Advance, //Vince