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Biotech / Medical : AXYS Pharmaceuticals Inc. -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (210)	12/24/1998 9:06:00 AM
From: LLCF	Read Replies (1) \| Respond to of 455

<so i called and checked. you can sell for a tax loss right up to the 31st. doesn't have to clear. > Well, for individuals I can't imagine the IRS making a stink... BUT technically there is an execution day, and record day, etc. An institution absolutley cannot sell stock on the 31st for a tax loss because the stock won't clear till next year. If you have complex tax's, or for one reason or another may be "red flagged" by the IRS I'd get a new accountant. DAK