How Low Can It Go?

[firstdown]

Originally Posted by Angry

I sold last September and I claimed my losses on my taxes. I am looking to buy back in within the next couple of months. By my estimation despite my losses I am about to make some considerable gains in the future. Is that wrong...Schneed?

Angry, I'm no tax guy but if you right off your losses one year I think it has tax issues when you buy back in . I could be totaly wrong but I believe there are tax rules that prevent people from selling at a loss, writing them off then turning around and buying back in at lower prices. You might want to check that out.