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Financial Planning / Tax Strategies


Subject:  Re: LT Capital Gains question Date:  11/18/1998  5:12 PM
Author:  bliles Number:  6367 of 127639

toozie said:

Also, how does a wash sale affect capital gains (vs. capital losses)?

The wash sale rules apply only to capital losses, not to capital gains. If you sell for a gain, you have to report it and pay the taxes regardless of any other buys.

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