If I buy a stock (say Apple) at $190, it goes down to $160 and I sell it. To be eligible to take the loss (in tax return), do I have to wait another 30 days before re-buying Apple stock? If yes, then I was thinking how to evade the 30 day rule. Can I sell Apple at $160 to take the loss, but rebuy it in my wife's account at $160 (hoping that it will go up) and I make money while taking the loss as well? Can I still take the loss in tax return even though we file jointly?
thanks!
2007-12-07
02:53:57
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3 answers
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asked by
River C
1
in
Investing