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Financial Planning / Tax Strategies


Subject:  Re: I'm Impressed Date:  1/8/2011  5:55 PM
Author:  RV2000 Number:  111901 of 127613

Phil - I put in a limit sell order for a stock on Dec 23rd. It traded on Jan 5 and settled on the 6th. I bought back in again on Jan 7th after a large decrease in price. Is this what I've heard called a wash sale? If I sell at a loss in Feb can I offset last year's gain against this year's loss next year? Or do I do it this year? lol

Truly - Thanks for all of the fantastic advice you give on this board. It is very much appreciated.

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