If I were to buy a stock that has gone down considerably, then sell it at a loss, I would have that loss to apply towards any capital gains or ordinary income if $3,00.00 or less - correct? I have been told, but been unable to find - that if I repurchase that stock, it must be after 31 days past the sale at a loss - otherwise the loss can't be used for tax purposes. Is this true? If true, can that same stock be purchased within a retirement account during that 31 day time?
Submitted April 30, 2017 at 09:37AM by ClassicRock4 http://ift.tt/2pjPxDx
