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To: SpongeBrain who wrote (2074)	3/25/1999 10:23:00 AM
From: Brendan W	Respond to of 5810

You wrote: >>>> a. I take a loss on a stock, then short it within 30 days, wash sale? b. I take a loss on a stock, then buy puts within 30 days, wash sale? c. I take a loss on a stock, then buy calls within 30 days, wash sale? <<<< I know that c. has wash sale concerns when the call is "in the money", and I suspect a. and b. do not but I'll let the experts comment.

To: SpongeBrain who wrote (2074)	3/25/1999 10:44:00 PM
From: Nelson Chang	Respond to of 5810

Does wash sale apply to options and shorting? I basically need to know, does wash sale aply if you take the same position (long vs. short) or does it apply even if you trade the stock in either direction? ==> A wash sale is simply if you reenter a position in the same stock, regardless of option/stock or buy/sell, within 30 days. Then you cannot declare that loss, etc. <== eg: I take a loss on a stock, then short it within 30 days, wash sale? I take a loss on a stock, then buy puts within 30 days, wash sale? I take a loss on a stock, then buy calls within 30 days, wash sale? ==> yes to all the above.