Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Maybe I can explain it this way. If you prepare your tax return, and you owe money, you mail your tax return to one of IRS's lock boxes.

If you have a refund or owe no taxes, you mail it to the address where refunds are processed.

Using the above as a guideline, IRS considers a $0 gain/loss the same category as a gain as there are only wash sale rules for losses. And since a $0 gain/loss clearly is not a loss, then it has no exception is falls into the same pot as a gain.

I hope this dead horse is now buried.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.