june selling for tax loss benefits., page-3

An extract from an article on wash sales:

"The Wash Sale Rule
Top page in our explanation of the wash sale rule.

The wash sale rule prevents you from claiming a loss on a sale of stock if you buy replacement stock within the 30 days before or after the sale. That sounds simple enough — but there are so many questions that arise in connection with the wash sale rule that we have all the articles listed below dealing with the subject. The first article, Wash Sales 101, provides the essentials and will also give you an idea what kind of details you'll find in the other articles."

Anyone can trade all they like and have little to worry about here but the long term investor can not claim a capital loss if it is "wash" transactions. I would not put myself in the questional position. Having had a tax audit in the past I can assure you it is a costly and annoying exercise just going through it even if you end up showing that you are squeaky clean.

A google search of "wash sales' is interesting.