11-20-2008, 10:53 AM
Grieve Wrote:Dustie Wrote:If I sell and re-buy the same stock to lock in a loss, does that have any affect on my ability to write off the loss?You can't do that - wash sale rules. If you buy the same stock (or even a similar stock) within 30 days, you don't get to deduct the loss from the sale.
Foiled again! But I can do that if I wait 30 days?
"Hamilton is really a Colossus to the anti republican party. Without numbers he is an host within himself. They have got themselves into a defile where they might be finished but too much security on the republican part will give time to his talents and indefatigableness to extricate them. We have had only middling performances to oppose to him. In truth when he comes forward there is nobody but yourself who can meet him. His adversaries having begun the attack he has the advantage of answering them and remains unanswered himself. For God's sake take up your pen and give a fundamental reply to Curtius and Camillas" - Thomas Jefferson to James Madison