I see what you're saying. I don't think they have that money, so I'll send them to this thread to read through it just in case they were MTM and there was an in...
Wow...great info!That is terrible news though sounds like. If the stock never recovered enough to sell for any gains the following year, then they will owe hund...
Hi DianeW777,EDIT: I got a detailed response on the other thread with the bad news. Sounds like they need to have the MTM designation or they will owe hundreds ...
I understand the rules for Wash Sales, but saw a scenario where someone seemed owe hundreds of thousands of dollars b/c of day trading all year where the gains ...
