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Subject:  Re: Capital Gains/Losses -- Help! Date:  8/6/2001  6:05 PM
Author:  pmarti Number:  53116 of 127747

There is not a reverse rule about wash sales that might apply to this, is there?

As noted before, the wash sale rule doesn't apply to your situation, since you'd be rebuying a stock that you sold for a gain. Also heed the advice about not selling just to create a gain to offset the loss. The loss is at least, if not more, valuable to you when applied against ordinary income.

The one possible exception would be if you want to reset your holding period to take advantage of the new 5-year holding period. You can read more about in the FAQ.

Phil Marti
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