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The wash sale rule calls for 31 days. The exception is you can sell on OTM
put and not violate the wash sale rule. If you book a loss and then
repurchase within 31 days your loss is not useable.
Ralph Volpe wrote:
> I'm looking for US tax advice.
>
> If I sell a security for a loss, how long after the sale must I wait to
> repurchase that security and still
> be able to declare the loss?
>
> For example, can I sell a security this week for a loss and repurchase,
> say Jan 3, and still declare the loss on my 1999 return?
>
> Any info on this would be appreciated?
>
> --
> Ralph
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