Daytrading and Taxes

Discussion in 'Taxes and Accounting' started by kowboy, Feb 2, 2002.

  1. I read it was 30 days after and 30 days prior(?) So in this example:

    buy a stock before Nov 15, stop trading for 30 days

    sell Dec 15 for a loss, do not trade for another 30 days (?)

    Can anyone confirm this?
     
    #21     Oct 19, 2006
  2. vlst

    vlst

    30 day window on both sides of each trade except for the first trade which has a one sided 30 day limit.
     
    #22     Oct 19, 2006
  3. So, if you trade the stock for 11 straight months and then stop for 30 days in December -it won't change a thing- wash sale stays in place?
     
    #23     Oct 19, 2006
  4. vlst

    vlst

    That's how I understand it. See page 56 on pub550 attached (2004 version).
     
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    #24     Oct 20, 2006