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bleuduece

12/21/05 10:01 AM

#36785 RE: screamineagle #36783

screamineagle




Actually I have added some at these levels, and congratulations on your successful year as well, my tax loss selling will come off of other areas.
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SUNNYDAY

12/21/05 10:24 AM

#36786 RE: screamineagle #36783

Screaming eagle The wash sale:

The wash sale

actually a 61 day rule!
"If caught" a loss [security sale] is disallowed if a substantial identical was purchased within 30 days before or after the date of sale.

The purpose is to prevent investors from making trades for the sole purpose of avoiding taxes.


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SUNNYDAY

12/21/05 10:53 AM

#36790 RE: screamineagle #36783

Daaaaaaaaaaaa Sell scmi and buy MMXT.

No wash sale.

I have a degree in loopholes.