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Author: JackPoint One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122522  
Subject: Re: Wash sales & IRAs Date: 3/15/2001 8:48 PM
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P.S. I do have a good, Foolish reason for wanting to make the sale-- I got the stock in question by exercising ISOs, and the stock tanked. Result-- I owed AMT for 2000, and I'll want to realize enough AMT loss this year to get the money back in 2002. So I'm thinking I may sell to realize the AMT loss, while maintaining some stake in the company by buying in my IRA. But, of course, this is exactly the kind of strategy that the Wash Rule was invented to block, so the IRS probably wouldn't like it much...

Oh, well. I have until December to do this... I'll probably buy an early copy of TurboTax this year, run the numbers, and see what to do.

Thanks again!

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