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Author: Bob78164 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121585  
Subject: Re: Oh No! The Subject That Wouldn't Die... Date: 9/24/1999 1:54 PM
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AngelMay writes (in part):

If I sell the 50 shares purchased on 7/29/99 (the ones you said made my sale a wash sale) -- if I sell them before this tax year is over, will that eliminate the wash sale?

I reply:

The 8/13/99 sale still will be a wash sale, but you'll recover the deferred loss, assuming that you don't purcahse YHOO within 30 days on either side of the new sale. Remember, due to the wash sale, your basis in the shares purchased on 7/29/99 is $179 per share + 2 commissions, not your purchase price of $134.5625 per share + 1 commission.

For what it's worth, in general, I think it's a bad idea to use tax consequences to make investment decisions (although often a good idea to allow tax consequences to affect the timing of decisions you've made for other reasons). But it's your money. Good luck! --Bob
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