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URL:  http://boards.fool.com/1-the-wash-sale-rule-is-for-30-days-before-and-11210240.aspx

Subject:  Re: "Wash Out" Questions.... Date:  8/31/1999  12:46 PM
Author:  zorloc Number:  13557 of 75592

1) The Wash Sale rule is for 30 days before AND after the sale, thus 61 days (30+1+30).

2) The rule applies both 30 days prior and after. There is no "minimum held" time. Here's an example.

6/1/99 - buy 100 of XYZ @ $100
8/31/99 - sell 100 of XYZ @ $50

The wash sale rule will apply if shares of XYZ are purchased from 7/1/99-9/30/99.

jbw
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