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Financial Planning / Tax Strategies


Subject:  Re: Wash sale rule question and capital losses Date:  7/11/2000  5:17 PM
Author:  rensimer Number:  37370 of 127547

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?


How much of capital losses can I claim against my ordinary income?

Up to $3,000 of ordinary income can be offset by capital losses in excess of capital gains in a tax year; any losses above that must be carried forward to the next year.

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