[[Off topic; Not regarding wash sales: Question 3. For future reference... Suppose I had instead sold Intel short "against the box." Would I have retained the freedom to cover the short with a new purchase, and keep the old basis? Has this purpose for shorting stocks been eliminated from tax law?]]"Shorting against the box" has not been eliminated. But there are a number of restrictions that have been put on "constructive sales" such as those that you are making reference to.Go back to post #6880 and read the discussion that I left on this issue re: Shorting Against the Box. You'll get a much better insight.TMF TaxesRoy
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