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Replies to #312 on Taxes (TAX)

General Grievous

08/17/09 1:45 PM

#313 RE: loniee #312

wow thats heavy for me...i dont understand.."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."
...this is very confusing