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URL:  http://boards.fool.com/wash-sale-rule-question-and-capital-losses-12891443.aspx

Subject:  Wash sale rule question and capital losses Date:  7/11/2000  5:05 PM
Author:  brewer12345 Number:  37369 of 121338

I understand the wash sale rule on taking losses, but I am wondering if there isn't an out here. Say I own 100 shares of company D, a relatively undifferentiated firm with several public competitors with very similar businesses. The stocks of all these firms move pretty much in tandem. Lets say company D is down 30% from where I bought it. If I sold the shares of company D and put that money immediately into a similar competitor whose shre price is down 27%, am I in danger of running afoul of the wash sale rule?

Second question: How much of capital losses can I claim against my ordinary income? Any?

TIA,

Andrew
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