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#2
02-03-2004, 01:11 AM
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 Re: Wash sell question shridhar_aa[at]yahoo.com (Shri) wrote: - quote - > I bought stock of a company on 05/01 and 05/02 and sold the
If you've disposed of your entire position in the company,> WHOLE stock on 05/07 and 05/15 at loss. Is it still > considered as a wash sell since I bought some stock on 05/02 > (30 days before the sell) and sold it on 05/07? and don't repurchase within 30 days, then there's no wash sale. -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-03-2004, 12:52 AM
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| Re: Wash sell question shridhar_aa[at]yahoo.com (Shri) wrote: - quote - > I bought stock of a company on 05/01 and 05/02 and sold the
It's a wash sale when you sell stock and then buy it back> WHOLE stock on 05/07 and 05/15 at loss. Is it still > considered as a wash sell since I bought some stock on 05/02 > (30 days before the sell) and sold it on 05/07? again, so that you end up owning the stock but have what would otherwise be a tax loss. Sounds like you sold stock and did not buy it back. So there's no wash sale. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-02-2004, 11:54 PM
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| Re: Wash sell question shridhar_aa[at]yahoo.com (Shri) writes: - quote - > I bought stock of a company on 05/01 and 05/02 and sold the
As long as you're completely out of the stock the wash sale> WHOLE stock on 05/07 and 05/15 at loss. Is it still > considered as a wash sell since I bought some stock on 05/02 > (30 days before the sell) and sold it on 05/07? rule doesn't apply. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-01-2004, 05:45 AM
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| Wash sell question I bought stock of a company on 05/01 and 05/02 and sold the WHOLE stock on 05/07 and 05/15 at loss. Is it still considered as a wash sell since I bought some stock on 05/02 (30 days before the sell) and sold it on 05/07? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| question, sell, wash |
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