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Author: Omran1 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Tax Loss Questions Date: 6/20/2008 4:05 PM
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Hi,

I have a question about avoiding the wash sale rule regarding tax losses.

First, I had no trades for more than 30 days prior to my first tax loss sale.

So, I sold 500 shares of ABC on June 9th, 2008 (and realized a tax loss).

Next, I sold 1000 shares of ABC on June 20th, 2008 (and realized a tax loss).

I would eventually like to buy 1500 shares of ABC to return to my initial position size.

Am I allowed to buy 500 shares on July 10th, 2008 (one month after the first sale) and another 1000 shares on July 21st, 2008 (one month after the second sale)? Or do I have to wait until July 21st, 2008 to buy all 1500 shares (one month after the final sale)?

I'd appreciate the help. Thanks!
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