Re: Subject: Wash sale

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Subject: Wash sale
Date: Thu, 21 Jan 1999 16:52:39 -0500

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>A wash sale occurs when you sell stock at a "loss" and with 30 days of the
>sale date (either before or after) you buy similar stock, and continue to
>hold this stock after selling the wash sale.  You can't deduct the loss,
>instead you add the loss to the remaining shares in that company.  When you

Slight nitpick.  The disallowed loss is added to the basis of the
replacement shares -- the ones whose purchase triggered the loss
dissallowance, not just any old remaining shares.  See IRS Pub 550.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.2

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