The wash-sale rule
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December 4, 2000: 10:31 a.m. ET
A look at ways of working around the wash-sale tax rule
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NEW YORK (CNNfn) - With so many stocks taking a big hit this year, investors are dumping them and writing off the loss.
But they still want a piece of the company if the stock suddenly picks up. A "wash-sale" tax rule prevents investors from repurchasing the stock within 31 days of selling it and taking the write off. But some analysts say there are some legal ways around that rule.
CNNfn's Bruce Francis takes a look. (Click here for a full story on the wash-sale rule).
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