Replies to post #431510 on Fannie Mae-No Politics (FNMA)

[Cringe]

Wash rule



Unfortunately if you were ever to get audited you would get hammered hard, if you are jumping from FMCC to FNMA


“substantially identical” stock is the wording in the rule


FMCC and FNMA are most definitely “substantially identical”


So stay safe, and wait 30 days. Or trade a completely different stock.

[FastEddie18585]

True.

[J CANADA]

NAVY THIS IS WHAT I DID FRIDAY. GOT MORE SHARES. MADE MORE MONEY.