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Financial Planning / Tax Strategies


Subject:  Capital Gains/Losses -- Help! Date:  8/6/2001  5:37 PM
Author:  koelle Number:  53112 of 127753

One of my long term stock holdings is being bought out for cash by another company. I'll have something like a $3600 loss on that one.
I plan tosell one of my winners to offset the loss, and buy it back the same day or the next day, It will offset the loss and my holding period starts on the new purchase date?
There is not a reverse rule about wash sales that might apply to this, is there?
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