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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (11899)10/29/2010 2:09:36 AM
From: Hawk  Read Replies (1) | Respond to of 147658
 
But those who have gains will sell this year at lower tax rates.



To: Kirk © who wrote (11899)10/29/2010 7:18:33 AM
From: robert b furman  Read Replies (1) | Respond to of 147658
 
Hi Kirk,

I too have been told that no wash rule is only looked at during sales of equities in December that generate a loss and then to keep that loss legit you must wait 30 days into January.

With regards to the gains - if they disallowed them,then they'd be saying the gain didn't count and it could then be pushed into lower tax bracket if when capital gains applied - so it is counter productive.

Soo - if you want to take advantage of lower cap gains tax - now is a good time to sell, and buy back in late December when Joe 6 pack wakes up and creates selling pressure (and 30 day wash rule is satisfied).