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re: Can reductions in capital gains taxes cause capital flight?
Posted on 10/17/08 at 7:36 am to MeanMachine
Posted on 10/17/08 at 7:36 am to MeanMachine
i don't know, but i accidentally had a wash sale this week....pissed me off... still slightly confused about it too....need to find some time to do more homework
1
Posted on 10/17/08 at 11:12 am to Zilla
quote:
i don't know, but i accidentally had a wash sale this week....pissed me off... still slightly confused about it too....need to find some time to do more homework
a wash sale is when you sell a stock at a loss, and then re establish your position in the stock within 30 days.
the reason for this rule is to prevent the generation of losses without really changing your position in the stock.
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