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Financial Planning / Tax Strategies


Subject:  Re: tax question Date:  8/14/2001  6:29 PM
Author:  ripwest Number:  53344 of 124773

edcosoft said.....

If you sold A within 30 days of buying B you have a Wash Sale and the loss is not allowed but rather it is added to the basis of B. You effectively offset the loss when you sell B. ed

huh? The writer bought 2 different stocks, A and B. Wash sales have nothing to do with it.


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