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Re: Chemist2 post# 173158

Saturday, 01/19/2019 7:05:30 PM

Saturday, January 19, 2019 7:05:30 PM

Post# of 426182
Hi Chem, It's pretty funny about memory issues, these days, where ever you do your trading, they saves everything for you as well as for the government, I no longer write down my trades, nor remember them as well as the old days when I recorded everything.

Now we have to deal with these wash sales invoices (IMO) they are foolish, you sell high, while buying low, you're good, you pay taxes on your gains. Easy Peasy! In the old days, wash sales were pretty much buying back before a month had past for tax reasons, the government didn't want you to cheat on your taxes. Now they use this wash sale rule as a running record of your sales. Whatever. You can still sell a losing position in your name, buy the same underlying in your wife's account (as long as your name isn't on it) and be able to record a lost, sometime soon, that to, might change.


FYI, It's as easy to roll puts as it is calls, however (as I'm sure you know) you can't sell naked puts in an IRA account. I normally have the shares put to me, however, when I was learning this sinkorswim platform, I did do some rolling over.

Good Luck, Slim

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