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Re: wizard sleeve post# 115470

Thursday, 12/30/2010 1:26:49 PM

Thursday, December 30, 2010 1:26:49 PM

Post# of 157003
Please read about the 30 day wash rule, link below.

Another strategy (too late to do this year and you need additional funds) is to buy the position you are going to take the loss on in November and sell your original position 30 days or more later in December to take the loss. This could be suitable if you do not want to wait 30 days to buy it back in January.

I already did this so I hope it was a good idea. I sold my shares of goig today and I am going to buy them back today. That way I can show a loss for taxes.

I dont trade a lot and I didnt really make money this year but I did click the sell button quite a bit when it was going up and down.



http://www.fool.com/taxes/2000/taxes001006.htm

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