No. of Recommendations: 4
markr33: I have begun the process of capturing long-term capital gains in 2012 and re-buying the items almost immediately (or almost immediately before).

I highly suggest you read up on the tax rules involving wash sales.

If indeed you are buying (either before, or after) the same, or substantially the same stock within 30 days (which means you can re-buy on day 31), you do NOT qualify for long-term capital gains.


Print the post  


This is a Politics Free Board
Politically charged posts are not permitted on the Metar Board. If you make a political post, and it is alerted, the post will be removed. Thanks!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.