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homey_g

12/30/08 2:23 PM

#33576 RE: Howardhaftel #33575

WHOOOOOA! I am not selling SRSR. I was making a statement on WSRA about some tax selling and someone else suggested that you need to sell 3 days beforehand to get the order to settle...

It has been confirmed that you only need to sell by Dec 31st.

I have been buying this week...over 1M now!

Not selling yet...Are we at a DIME yet? LOL.
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ypsiCPA

12/30/08 2:48 PM

#33581 RE: Howardhaftel #33575

Wash Sale Rules

Buying a stock within 30 days before or 30 days after selling for a loss will postpone recognition of the loss for tax purposes.

So "buy before you sell" only works if the buy is more than 30 days before the sell.