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ilenes

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ilenes

Re: Garyst post# 23422

Friday, 08/02/2013 10:39:55 AM

Friday, August 02, 2013 10:39:55 AM

Post# of 44319
Not exactly the whole story. Remember to take into account the "wash sale" rule with the IRS that deems certain transactions do not create a loss, if they are within 30 days of having bought a substantially similar (or in this case, exact) holding, either before or after the loss was recorded.

Not paying attention to this rule can result in many more gains than you think you have, so be careful.

Ilene
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