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Replies to post #5938 on Cel Sci Corporation (CVM)
Foxwoods Man
04/26/14 5:18 PM
#5940 RE: ID Supermoney #5938
So what happens if you are a trader and buy and sell all day long on a few stocks?? You are telling me that the losses do not count but the gains do??
Wash Sales Under Internal Revenue Service rules, you cannot deduct losses from sales or trades of stock or securities in a wash sale. A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: Buy substantially identical stock or securities, Acquire substantially identical stock or securities in a fully taxable trade, or Acquire a contract or option to buy substantially identical stock or securities.