| 11. | The identification of a wash sale and adjusting the basis of the replacement stock is an iterative process.
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| 12. | First, you need to know about IRS rules on so-called wash sales-- transactions done solely for tax purposes.
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| 13. | With five weeks left in 1994, here are some tactics to consider now : ` Swaps'vs . wash sales
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| 14. | Unlike other capital losses, those created in a wash sale cannot be used to offset capital gains this year.
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| 15. | Q : You recently answered a question about wash sales of stock, but I would like to ask another.
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| 16. | When selling shares, investors should also watch out for the " wash sale " rule of the Internal Revenue Code.
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| 17. | That would be akin to using your marriage like a " wash sale " on stocks-- a move prohibited by the IRS.
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| 18. | If you receive the benefit later in the same year, the wash sale may have no effect at all on your taxes.
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| 19. | Any purchases made after Tuesday would make a sale during the remainder of 1995 a wash sale, wiping out the tax benefits.
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| 20. | Those shares have a basis of $ 52 per share : the $ 32 you paid, plus the $ 20 wash sale adjustment.
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