Replies to post #3843 on Calypso Wireless (fka CLYW)

[sugarpea29]

It doesn't matter if you call them new or old...any trades on the identical stock within 31 days of a sell creates a wash sale at least on the number of shares you bought back...The only time you should ever do that is if you sell a stock and later you see that it is going up and you are going to miss out on a sure run upward.

Now, unless you are saying you are making trades that are not within the 31 day period...now you can do that...maybe that's what you are doing??? For example you sold a block of CLYW more than 31 days ago and you are buying a portion of that back...

[roadtour]

ASNAP, sugarpea wrote (It doesn't matter if you call them new or old...any trades on the identical stock within 31 days of a sell creates a wash sale at least on the number of shares you bought back.)
Please explain how your getting a tax advantage... If its possible I'm sure were all interested and would like to take advantage of the loop hole.

[roadtour]

ASNAP, not bashing just a ?
sugarpea wrote (It doesn't matter if you call them new or old...any trades on the identical stock within 31 days of a sell creates a wash sale at least on the number of shares you bought back.)
Please explain how your getting a tax advantage... If its possible I'm sure were all interested and would like to take advantage of the loop hole.