Replies to post #39168 on World Surveillance Group Inc (fka WSGI)

[dfmantx]

griff - you don't lose the deduction by the wash rule, you just lose the deduction for that year, you can apply those losses to future tax returns, just not the current years. So, don't let the wash rule dictate your trading, be aware of it, but do not let it dictate how you trade you will not lose the deduction.

[ShakeyGuy]

If the stock was in a IRA account its gone. There are no wash rules needed as losses cannot be used for any purpose.
Unfortunately most of my GTE is in my IRA account.
SG