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Subject:  Wash help... My head is on spin cycle! Date:  1/25/2001  1:23 PM
Author:  CoolandCalm Number:  44819 of 130723

I've been reading all the "Wash Rules" questions and replies which have answered nearly all of my own questions. And I know you've been plastered by so many "Wash Rules" questions, you're sure to be squeaky clean by now. But I would appreciate help on my own little scenario (all transactions of the same stock). Okay, here's the background. I bought 100 shares of a stock @ $14.00/share on 5 Jan 2000, another 100 @ $2.00/share on 15 Nov 2000, and 500 @ $1.00/share on 13 Dec 2000. I sold 100 shares @ 1.00 on 29 Dec 2000. Now, here's the question. I know the "Wash Rule" applies to a stock purchase and/or sell within a 3o day period. Even though I bought and sold the same stock in December, can I still take a capital loss using the FIFO method whereby I count my first purchase of 100 shares of the stock on 5 Jan against my first sell of 100 shares of the stock on 29 Dec? Thanks.

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