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Financial Planning / Tax Strategies


Subject:  Possible write-off? Date:  4/13/2000  6:55 PM
Author:  kickim1 Number:  34275 of 127519

I buy 100 shares of XYZ at 40

Stock drops to 20

I buy 100 more shares of XYZ at 20

If I sell 100 shares of XYZ at this point, can I specify for tax purposes that I sold the first lot and take the write-off? If so, do I have to wait 30 days from the second purchase to do so to avoid the wash sale?

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