03-11-2009, 01:23 PM
The Wash Rule:
I read today in the WSJ that the to avoid the wash rule you only need to wait 31 days between the time you sell a stock and re-buy it. In other words, I don't need to wait 1 year to re-buy the same stock if I want to lock in my losses as tax write offs for future years. Is anyone an expert on this?
I read today in the WSJ that the to avoid the wash rule you only need to wait 31 days between the time you sell a stock and re-buy it. In other words, I don't need to wait 1 year to re-buy the same stock if I want to lock in my losses as tax write offs for future years. Is anyone an expert on this?
"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