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.Why don't you just wait 31 days to purchase ian your IRA? Also, I presume you know that your AMT losses are limite to $3,000 by the Capital Loss Limitation so depending on the size of the loss and other LT P/L you might not recover as much AMT as you think. ed
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