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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: cbstock who wrote (914)	12/27/1998 11:13:00 AM
From: bunglingbob	Read Replies (1) \| Respond to of 3187

cb, it seems we do not have total agreement on this issue by other parties on this thread. Your response might be more "helpful" if you would tell me where the quote came from. Dr. Edwards in his reply number 904 cited a statement from an IRS publication that certainly seems to allow loss on sales through year end. As a result of your comment to me I wound up selling lots of stock on 12-24 and at least postponed selling others I had planned to sell. I'm not sorry it worked out that way and perhaps I'll sell some more yet, although I'd be pretty comfortable with the balancing of gainers and losers I've completed (maybe one of those losers I had planned to sell will actually turn around). I had to sell some of my favorite stock but by reducing my sales I have managed to hold on to a good chunk of it. I asked my broker about the last day for loser sales for income tax purposes and he feels it can be the 31st. Incidently, my 1099 from the broker shows transaction dates - not settlement dates. So if the IRS uses info from the 1099 it sure seems sales on the 31st could come into the balancing act. Thanks for the response and I sure would like to know where your quote came from. Bob