Replies to post #310 on Taxes (TAX)

[cintrix]

I don't know who lonie is, nor have I ever heard of anything like that and I am trading for 13 years, that is why I questioned it.

[loniee]

This is what I was refering to..you have it under controle it seems..GL

Wash Sale Rules
The capital loss on a single investment transaction may be disallowed under the Wash Sale Rules.

If you buy the same stock within one month of selling that stock for a loss, your loss will be disallowed under the Wash Sale Rule. The loss is not gone forever, however. The disallowed is added to your cost basis in the new stock position.