The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Wash or Loss?||Date: 2/15/1999 1:53 PM|
|Author: sepac||Number: 10252 of 122553|
Had 0 (zero) shares of L on 8/23/98
Bought 2500 L for $10000 on 8/24/98
Bought 2500 L for $8300 on 8/25/98
Sold 2500 L for $8500 on 11/3/98
Bought 1000 L for $2800 on 11/4/98
Sold 3500 L for $10700 on 11/18/98
Thus leaving me with 0 (zero) shares of L. I have not taken any position in L since the 11/18/98 sell.
Overall I have a $1900 loss here. Can I take the entire loss or is part of it a wash?
How do I report it on Sch. D?
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|