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DARNIT: "I've read many posts and the Fool tax articles - they are all very helpful
how about this for-instance:
All done in company 'XYZ'
Purchased on 10/9/98 and 11/30/98
Sold all for a gain on 2/9/00
Purchased a smaller amount again on 3/7/00 and 3/27/00
And as you can tell from the dates, that's about when the bottom fell out....

Can we now sell co 'XYZ', at a loss (it's still down drastically) to offset our gain in March?"

Yes, assuming that you then wait at least 30 days after the date of sale before repurchasing.

"And does the fact that we bought back in on 3/7/00 (we sold on 2/9/00) have anything to do with the equation?

I assume it would have if we had been initially selling for a loss...."

2/9/00 sale irrelevant for these purposes because it was a gain.

Hope this helps. Regards, JAFO

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