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Subject:  wash rule Date:  11/1/2000  12:27 PM
Author:  bob00 Number:  41405 of 132874

I've got a naive question on wash rules. I'm wondering why October selling is attributed to the wash rules, when the 30-day limit would seem to support tax loss sales through November?

I'm looking at a tax sale in which I buy, say 200 shares of ABC @ 25 to average down the 200 shares of ABC I currently own at a basis of 50. Buying on Nov 1, I can buy and hold to average down while preserving the option to sell my original 200 shares (@ 50) for a tax loss in december, maintaining my original position of 200 shares (albeit, resetting the long-term gain holding period).

Am I missing 30 days somewhere on my calendar?

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