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Financial Planning / Tax Strategies


Subject:  Re: FIFO & Wash Rule Date:  7/8/2009  1:11 PM
Author:  Hohum77 Number:  106460 of 131251

So I did this in steps using FIFO. Then when I wanted to buy the stock back, I waited for more than 30 days and bought back the amount of stock I had sold. fortunately the stock declined another couple of dollars by this time so I made bad a little of the loss.

But now I held more of this stock for more than a year. I plan to wait more than 30 days after buying the stock back before I sell some more on FIFO but is this really necessary?

I think the relevant issues are replacement shares and the 30-day window.
Are there replacement shares involved here? Sure there are
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