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URL:  http://boards.fool.com/i-think-you-are-wrong-on-the-wash-sale-rule-14619290.aspx

Subject:  Re: Wash Sale Rules on a Gain? Date:  3/24/2001  10:44 AM
Author:  JABoa Number:  48918 of 121219

I think you are wrong on the wash sale rule applying on your hypothetical loss, since you are buying a different security. They are in the same line of work, but so what: Ford and GM both build cars but if you sold Ford at a loss and immediately bought GM, there is no wash sale there.

The wash sale rule does not apply on gains. Your gain will be taxable.
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