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fojcol

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fojcol

Re: srm4u post# 20053

Thursday, 09/03/2020 6:12:40 PM

Thursday, September 03, 2020 6:12:40 PM

Post# of 63384
Sure they can buy back in... anytime! lol! If they buy back within 30 days after selling for a loss, the cost basis for the second buy remains the same as for the first. This only matters for tax purposes, so people can't sell on Dec 31, take the loss for tax purposes, then buy back for a similar price Jan 2. Just another way the government screws us!
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