Replies to post #381 on Taxes (TAX)

[rsqfyrmedic]

Yes, long. Thanks for asking.

[ypsiCPA]

Short Sales and the Wash Sale Rule

The wash sale rule prevents you from deducting a loss from selling stock if you acquire replacement stock shortly before or after the sale. The rule here is so confusing that even the IRS seems to get mixed up in Publication 550.

Much more at http://www.fairmark.com/capgain/wash/wsshort.htm