InvestorsHub Logo
Followers 0
Posts 15717
Boards Moderated 0
Alias Born 09/21/2006

Re: Steev-o post# 7002

Tuesday, 11/16/2010 2:37:37 PM

Tuesday, November 16, 2010 2:37:37 PM

Post# of 34471
Not sure if this answers your question but you can find more information.
If you sell a stock for a loss and buy it back within 30 days, the loss cannot be claimed for tax purses.
The disallowed loss is added to the cost of the repurchased stock, and it's claimed when the stock is finally sold in a non-wash-sale way.

It's often best to simply avoid the rules entirely, though, by always waiting 31 days before jumping back into any stock.

Learn more about the wash sale rule and other tax issues for free at fool.com/taxes.

Another source is the government.

Visit the IRS website at irs.gov.


Read more: http://www.azcentral.com/business/articles/2010/11/15/20101115best-wait-31-days-before-stock-rebuy.html#ixzz15TZCqhVt

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.