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Re: dragondawg post# 83225

Wednesday, 12/29/2010 10:51:39 AM

Wednesday, December 29, 2010 10:51:39 AM

Post# of 103302
Those who paid .006 or anything less than they sell at(why I don't know) but would NOT be subject to any wash rule because there is a profit!! Wash trades are Losses where you try to buy back within the 30 day window and still take the losses for taxes.. So even if some traders dissapointed that it didn't fly could take a loss just as long as they don't buy back within the 30 days.. OH... don't forget IRA's you can do anything you want.... So I could sell in a regular account and buy back in an IRA if I still wanted a postion and also a tax writeoff in the regular account.. Double check if you want.. that is how I understand it... after years of trading...

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