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Financial Planning / Tax Strategies


Subject:  Re: Wash Rule Question 2... Date:  12/13/1999  8:22 PM
Author:  ptheland Number:  23048 of 127513

If you buy a stock on day 1, and sell at a loss on day 20. Does the wash rule apply?

For the wash sale rules to start kicking in, you generally need two purchases and a sale, a potential loss, and to have some stock left when these are all done. So in your example, wash sales don't apply since all you did was buy and sell.

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