Are you planning to take the Series 6 exam? Then make sure you are familiar with the "wash sale" rule. This IRS rule states that a taxpayer may not take advantage of a capital loss if he or she re-purchases the same security, the identical very same security, within a period of 30 days, counted either before or after the date of the sale that established the loss.
PS Watch for Bob Eder's forthcoming new book, Study for the Series 6 Exam.
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