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Re: 123tom post# 28688

Friday, 10/11/2019 7:47:19 AM

Friday, October 11, 2019 7:47:19 AM

Post# of 34745
Tom, you spend a lot of time on this board discussing your trading strategies. And, you've also mentioned trimming your losses on a losing trade. And, then buying it back again. Whether you day trade or swing trade, there are some tax consequences (Wash Sale Rule) when you purchase the same stock within 30 days after selling it for a loss.
 
This has nothing to do with being in "good standing" with your broker. It's a federal tax rule. And, it has nothing to do with "tax loss selling".

First of all, are you familiar with the Wash Sale Rule? You didn't acknowledge it in your response to me. If you're an active trader, it's a rule that you should be aware of in your trading strategies.

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