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Posted by Hauslohn on December 27, 2007, 1:33 pm
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Unknowingly we incurred Wash Sale losses which were "lost" to us as we
bought back into them within 30 days or had traded with 30 days prior
( accounts are ordinary, not IRA, etc) - many of these concern stocks
which we will probably invest in again ( in some cases we have). The
question is.....in order to recapture these
" lost losses" where we are not in the stock now but like it and will
buy it back again, do we need to buy back in again " before" the
year's end in order to add the Wash sale losses back as part of our
cost basis - or do the Wash Sale losses carry over into 2008?
Thanks in advance for any help
Hauslohn
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