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Bobwins

10/18/06 1:19 PM

#5436 RE: dillon_r #5435

dillon_r... Investopedia.... This is a great site for you to increase your knowledge about investments. They have online courses you can take to learn about tools and general investment terminology. You can also search for terms like the "wash sale rule".

http://www.investopedia.com/terms/w/washsalerule.asp
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True Blue

10/18/06 1:19 PM

#5437 RE: dillon_r #5435

A wash rule is this:

If you sell a stock at a loss you arent to buy the particular stock, or one like it, back within a 30 day period.

Ive never broken this rule so Im not sure what the tax consequences are--maybe somebody else has an answer to this??