Recent content by davetrading

"A "wash sale" can technically happen at any time, but it only has tax implications if the 30 day period crosses a tax year since that's the only point at which the disallowance matters. Here's an article that explains it, there are dozens more out there if you do a search. If you disagree then...

Wow. Would love to see where this goes. "Walk me through the mechanics" of a wash sale not having implications of my taxes throughout the year. Please tell me how it only applies to the month of December.

What?!? Wow. Not true. I'm sure if you google wash sale, there's plenty of info out there for you. Not interested in debating what a wash sale actually is. Was just curious to see if anyone here as incorporated to avoid wash sales in lieu of Tax Trader status. Thanks

When buying/selling a stock or option, you have to look back 30 days and, I guess plan ahead another 30 days forward when you are considering the possibility of a wash sales. This isn't just for December. Its year round. I usually trade 1256 options, namely SPX. So, I never have to worry...

Was considering incorporating and opening an account under an llc. I've read that if you do this, you can avoid wash sales. Also heard you can pay all of your investing costs before you pay taxes (pay your country club membership, lease a "company car," professional subscriptions, publications...