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re: Can reductions in capital gains taxes cause capital flight?
Posted on 10/17/08 at 11:12 am to Zilla
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.
1
Posted on 10/17/08 at 11:21 am to simonizer
yea, I got that part of it, but I'm trying to figure out my new cost basis and what to do at this point in terms of buying or selling the stock again...i actually want to buy some more of it but trying to decide if want to due to the imposed cost basis
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