Mrs P
It's a wash sale if you sell to realise a loss for Taxs purposes and and then re-buy within a few days later - a certain period of time has to expire - usually weeks.
The rules are quite clear and the ATO was very vigilant in 2008 with regards to this.
Also losses can be carried forward to offset against future capital gains....
Mrs PIt's a wash sale if you sell to realise a loss for Taxs...
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