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researcher59

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Re: shmolton post# 289

Friday, 12/31/2004 2:53:41 PM

Friday, December 31, 2004 2:53:41 PM

Post# of 173788
Bobwins, I'm no tax expert, but that should be correct. You cannot claim the 1st loss immediately due to the wash sale rule, however the loss reduces your cost basis on your 2nd purchase. That's my understanding of the rule.
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