|
#3
03-08-2005, 10:15 AM
| |||
| |||
 Re: repurchase of same stock malibu.ron[at]verizon.net wrote: - quote - > I wish to sell stock (A) at a loss this year. However I
More than 30 days.> plan to repurchase stock (A) again and hold it until it > shows a profit next year. I understand there is a rule > governing this move. How long must I wait to repurchase the > same stock and still be able to take the write off. -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#2
03-08-2005, 09:56 AM
| |||
| |||
| Re: repurchase of same stock malibu.ron[at]verizon.net writes: - quote - > I wish to sell stock (A) at a loss this year. However I
You can't buy back the stock for 30 days BEFORE OR AFTER> plan to repurchase stock (A) again and hold it until it > shows a profit next year. I understand there is a rule > governing this move. How long must I wait to repurchase the > same stock and still be able to take the write off. the loss sale. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
03-08-2005, 09:37 AM
| |||
| |||
| Re: repurchase of same stock 31 days It's called the Wash Sale Rule. See IRS Publication 550 for details. ed << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
03-08-2005, 09:17 AM
| |||
| |||
| Re: repurchase of same stock <malibu.ron[at]verizon.net> wrote: - quote - > I wish to sell stock (A) at a loss this year. However I
30 days. See "wash sales" in Publication 550.> plan to repurchase stock (A) again and hold it until it > shows a profit next year. I understand there is a rule > governing this move. How long must I wait to repurchase the > same stock and still be able to take the write off. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
03-07-2005, 10:07 AM
| |||
| |||
| repurchase of same stock I wish to sell stock (A) at a loss this year. However I plan to repurchase stock (A) again and hold it until it shows a profit next year. I understand there is a rule governing this move. How long must I wait to repurchase the same stock and still be able to take the write off. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| repurchase, stock |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Stock commission is greater than proceeds of stock sale. go3049: I recently sold 2000 shares of stock for $0.0001 per share. Gross proceeds were $0.20. Commissions for the sale were $29.95. Net proceeds were... | Microsoft Money | 2 | 01-13-2005 02:19 AM | |
| Change Stock Symbol in Stock Options Account Tom: I have a stock options account with my company. However, about mid-yar theyy changed their name and therefore their stock ticker symbol. I need to... | Microsoft Money | 2 | 11-21-2004 04:51 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
