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And Ralph, its obvious from my first post to you, that the answer to
your question is NO; you can not repurchase the stock on January 3rd, 2000
that you intend to sell this week and still take the loss on your 1999 tax
return.
Must wait minimum of 30 days.
John
----- Original Message -----
From: Ralph Volpe <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, December 25, 1999 11:23 AM
Subject: [RT] Tax Info
> I'm looking for US tax advice.
>
> If I sell a security for a loss, how long after the sale must I wait to
> repurchase that security and still
> be able to declare the loss?
>
> For example, can I sell a security this week for a loss and repurchase,
> say Jan 3, and still declare the loss on my 1999 return?
>
> Any info on this would be appreciated?
>
> --
> Ralph
>
>
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