From: Will Trice
Newsgroups: misc.invest.financial-plan
Subject: Re: Selling losing stocks to avoid short term tax
Date: Tue, 12 Dec 2006 18:14:22 -0600
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Tad Borek wrote:
> The 30-day period described in the wash sale rules runs in two
> directions, so it's really a 61-day period that you can't buy the
> stock...the trading day, the 30 days before, and the 30 days after.
Indeed. I use this to stay exposed to a losing stock (assuming I want
to stay exposed) by buying more 31 days before the last trading day of
the year, and then dumping my original holding for the tax loss.
> See the FAQ on wash sales:
> http://financial-planning.algebra.com/What_is_a_wash_sale%3F
Nice!
-Will
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