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Author: Tiddman Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Dumb wash sale question Date: 10/19/2005 10:40 AM
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The wash sale rule states that "A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you ... buy substantially identical stock or securities".

Okay so say that I sold a stock at a loss on 9/19/2005 and want to buy it back after the wash sale period passes. When exactly is the end of "within 30 days"? If 9/19/2005 if "day #0" and 9/20/2005 is "day #1", counting forward 30 days you get 10/19/2005. But if 9/19/2005 counts as "day #1", the end date is 10/18/2005. If I buy the stock on 10/19/2005, is it a wash sale? How about on 10/20/2005?

Randy
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