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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 (1705)1/2/1999 3:46:00 PM
From: thumbelina  Read Replies (2) | Respond to of 5810
 
As regards to the wash rule could someone confirm my hope that this does not fall into that category:

If one buys security x and sells all the shares at a gain and within the 31 day period repurchases the security then winds up selling at a loss (alas).

I am under the impression that it is a wash sale if you first sell at a loss and them repurchase within the 31 days (before or after the sale) but what about the reverse?

Thanks.



To: Colin Cody who wrote (1705)1/2/1999 5:31:00 PM
From: kaz  Read Replies (1) | Respond to of 5810
 
Colin,

Thanks for the help. I'll try and find the passage that relates to Mark to Market and self employment tax. It does sound a bit bizarre. Maybe I just dreamed it.

Thanks again.

Paul Kaz


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